Morgan Stanley lowered the firm’s price target on PPL Corp. (PPL) to $37 from $38 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.
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Read More on PPL:
- Chesapeake Utilities names Abhijit Bhatwadekar as Chief Information Officer
- PPL Shareholders Elect Directors, Approve Executive Compensation
- PPL Subsidiaries Seek Revenue Increases for System Upgrades
- PPL Reaffirms 2025 Earnings Guidance in May 2025
- PPL Corp. price target raised to $40 from $38 at Guggenheim
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