Wells Fargo initiated coverage of PPL Corp. (PPL) with an Overweight rating and $43 price target The stock is seen as an “overlooked beneficiary of load growth” and a key resource adequacy play, with multiple pathways to accretion, the analyst tells investors in a research note.
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Read More on PPL:
- PPL Corp. price target raised to $41 from $38 at Morgan Stanley
- PPL Corp. initiated with a Buy at BTIG
- PPL Corp. price target raised to $41 from $40 at BMO Capital
- PPL’s Hold Rating: Balancing Positive Rate Stipulations with Financial Constraints
- PPL Reaches Agreement on Revenue Increase with Stakeholders