Target price for CIN: $35Check out this site:http://www.istockresearch.com/index.html
Fascinating - they also list a target price for DUK at $40 and list it as a buy. Isn't this a bit of a disconnect?Furthermore, the FERC approved the Duke-Cinergy merger today and my understanding is that all that's left are state approvals. Looks like a done deal to me. I don't own any CIN but I'm not selling my DUK shares anytime soon.
Better sell i work at cin and i have the inside info.
Duke target price from the website is $40. Duke is buying Cinergy with projected merger date of 4/1/2006 with conversion rate at $1.56 x Duke price. You do the math...