Citi analyst Ryan Levine raised the firm’s price target on PPL Corp. (PPL) to $36 from $31 and keeps a Neutral rating on the shares. The firm says the Pennsylvania Public Utility Commission could take grid-level actions to manage load, and it expects to see discussions around incentives for long-term power purchase agreements in the upcoming legislative session.
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Read More on PPL:
- PPL Corp. initiated with an Outperform at BMO Capital
- PPL Corp. price target lowered to $35 from $36 at Morgan Stanley
- Talen Energy: Susquehanna permitted to decrease amount of power supply provided
- PPL Projects Strong Growth at EEI Conference
- PPL Corp. price target raised to $39 from $35 at Seaport Research