Duke Realty (DRE), which is a real estate investment trust company, was the S&P 500’s third-best performer on March 27. After a sharp pullback last week, Duke Realty started this week on a stronger note by gaining on Monday. Carrying forward the strength, Duke Realty opened higher on March 27 and rallied to one-week high price levels.
The buying pressure in Duke Realty increased on Tuesday following an upgrade from J.P. Morgan. JPMorgan Chase upgraded Duke Realty from “underweight” to “neutral” in a technical note released on Tuesday. The consensus annual target price for Duke Realty is at $29.60. The market expects Duke Realty’s management to report 1Q18 EPS of $0.30. On March 27. Duke Realty gained 2.4% and closed the day at $26.03. Duke Realty is part of the S&P Midcap 400, which declined 1.5% on Tuesday.
Xcel Energy (XEL) is a utility provider that supplies electricity and natural gas to customers across the western and midwestern states in the US. Xcel Energy was among the S&P 500’s top gainers on Tuesday. After a mixed performance last week, Xcel Energy started this week on a stronger note and rallied to two-month high price levels on March 27.
The buying pressure in Xcel Energy increased following an upgrade from Mizuho Securities. Amid increased capital spending in Xcel Energy’s utility subsidiaries and higher margins, Mizuho Securities upgraded Xcel Energy to a “buy” rating. Mizuho Securities upgraded the target price from $47 to $49.50. Xcel Energy gained 2.2% and closed the day at $45.11. Xcel Energy is part of the S&P 500 utilities sector, which gained 1.5% on March 27.