PPL Corp. price target lowered to $43 from $44 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on PPL Corp. (PPL) to $43 from $44 and keeps an Overweight rating on the shares. The firm is updating the price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In March, utilities outperformed the S&P’s return.