Deutsche Bank Has Hold Rating On Duke Energy (DUK)

Deutsche Bank has a Hold rating and a $18 price target on shares of Duke Energy DUK. In a note to investors, Deutsche Bank writes, "With a strong Q1 behind them, DUK looks set to deliver on 2011 guidance of $1.35-$1.40. However, the outlook for 2012 and beyond is much less certain. DUK has yet to reach agreement on a new Standard Service Offer agreement in Ohio, resolve issues in Indiana regarding Edwardsport, or secure regulatory approvals for its planned merger with PGN. In light of this uncertainty and view that the market is likely already pricing in a good portion of the upside related to the PGN merger (our TP is $18), we reiterate our Hold rating." Shares of DUK lost 2 cents yesterday to close at $18.78, a loss of 0.1%.