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Bank of America Corp. downgraded Duke Energy Corp (NYSE:DUK) to Underperform in a report released today.

Bank of America Corp. has downgraded Duke Energy Corp (NYSE:DUK) to Underperform in a report released on 11/22/2016.

Previously on 3/07/2016, Suntrust Robinson reported on Duke Energy Corp (NYSE:DUK) increased the target price from $79.00 to $80.00. At the time, this indicated a possible upside of 0.05%.

Yesterday Duke Energy Corp (NYSE:DUK) traded 1.10% higher at $74.43. The company’s 50-day moving average is $76.87 and its 200-day moving average is $80.57. The last stock close price is down -7.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,972,203 shares of the stock were exchanged, down from an average trading volume of 3,139,770

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Duke Energy Corp (NYSE:DUK)

Duke Energy Corp has a 52 week low of $65.50 and a 52 week high of $87.75 with a P/E ratio of 17.99 The company’s market cap is currently $0.

In addition to Bank of America Corp. reporting its target price, a total of 17 firms have issued a report on the stock. The consensus target price is $80.24 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 17 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Duke Energy Corp (NYSE:DUK)

Duke Energy Corporation (Duke Energy) is an energy company. The Company's segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy's subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc. (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc. (Duke Energy Ohio), and Duke Energy Indiana, Inc. (Duke Energy Indiana). Its Regulated Utilities segment conducts operations through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. Its International Energy segment operates and manages power generation facilities and engages in sales and marketing of electric power, natural gas, and natural gas liquids. Its Commercial Portfolio acquires, builds, develops and operates wind and solar renewable generation and energy transmission projects.

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