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Stock Market & Financial Investment News

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February 14, 2014
06:11 EDTDUKDuke Energy likely to exit Ohio after rate decision, says Citigroup
Citigroup believes Duke Energy is likely to exit the Ohio merchant generation market after the Ohio Public Utilities Commission denied the company's request for a rate increase. Citi believes Duke could sell its Ohio assets, retire the fleet or some combination of the two. It believes an exit from Ohio would be a positive catalyst for shares and keeps a Buy rating on Duke Energy with a $77 price target.
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