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Sign InBMO 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.