BTIG analyst Alex Kania initiated coverage of PPL Corp. (PPL) with a Buy rating and $44 price target The firm views utilities as a “demand growth story today” due to data centers and re-Industrialization in the U.S. as reshoring incentives and tariffs take hold. Despite being close to decade-plus stock highs, company valuations “look reasonable,” the analyst tells investors in a research note. BTIG sees valuations being supported by elevated growth and potential interest rate cuts. Its bullish view on the sector’s growth leads to more Buy ratings.
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Read More on PPL:
- PPL Corp. price target raised to $41 from $40 at BMO Capital
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