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Brokerages Raised Top Utilities’ Target Prices Last Week

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Analysts’ recommendations

Analysts expect flattish movement from NextEra Energy (NEE) stock based on the mean target price of $200.0 and its current price of $199.0. Morgan Stanley raised NextEra Energy’s target price from $193.0 to $194.0 on May 16. Mizuho Securities also raised NextEra Energy’s target price from $179.5 to $202.5 on May 15.

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Duke Energy (DUK) stock has a mean target price of $92.1, which suggests a potential upside of 5.7% from its current price of $87.2 over the next 12 months. J.P. Morgan raised Duke Energy’s target price from $91.0 to $93.0 last week. Morgan Stanley raised the target price from $94.0 to $96.0 on May 16. The above chart shows how analysts view top utility stocks.

Analysts have given Dominion Energy (D), the third-biggest utility by market cap, a mean target price of $78.2—compared to its current price of $75.6, which implies a potential upside of 3.4% over the next 12 months.

Southern Company (SO) stock seems to have a downside movement of 2.7% based on analysts’ target price of $52.4 for the next 12 months. The company’s current market price is ~$53.8.

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