Bernstein reiterates its "Outperform" rating on Duke Energy (DUK +0.9%) despite saying it...

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Bernstein reiterates its "Outperform" rating on Duke Energy (DUK +0.9%) despite saying it expects "Duke to face a months-long legal and regulatory quagmire" over the utility's ouster of Bill Johnson as CEO. Bernstein expects the stock to "be materially discounted," which could therefore make it attractive. Current CEO Jim Rogers was due to appear before  a N. Carolina hearing today about the coup.