BMO Capital Raises Price Targets for Duke Energy and American Electric Power

Key Facts

1BMO Capital raised Duke Energy's (DUK) price target to $143 while maintaining an Outperform rating.

2American Electric Power's (AEP) price target was increased to $141 with a Market Perform rating.

3Both companies are expected to report Q1 2026 earnings on May 5.

BMO Capital Markets has increased its price targets for utility giants Duke Energy (DUK) and American Electric Power (AEP) ahead of their upcoming quarterly earnings reports. The firm raised Duke Energy's price target to $143 while maintaining an "Outperform" rating. For American Electric Power, the target was increased to $141 with a "Market Perform" rating. The upward revision for Duke Energy is primarily driven by anticipated growth in energy demand from data centers. Meanwhile, investors are looking for updates regarding capital expenditures and financing strategies from AEP. Both companies are scheduled to release their first-quarter 2026 financial results on May 5.