BMO Capital Markets updated its outlook on Duke Energy (NYSE:DUK), increasing the stock's price target to $124 from the previous $119, while reaffirming an Outperform rating. The adjustment follows a favorable regulatory decision for Duke Energy Indiana (DEI).

Shares of Duke Energy Corp. DUK rose 1.08% to $113.20 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.76% to 5,994.57 and Dow Jones Industrial Average DJIA falling 0.

BMO Capital analyst James Thalacker raised the firm’s price target on Duke Energy (DUK) to $124 from $119 and keeps an Outperform rating on the