Morgan Stanley raised the firm’s price target on PPL Corp. (PPL) to $41 from $38 and keeps an Overweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In September, utilities outperformed the S&P, the firm notes. Heading into Q3, the firm expects a key focus for utilities to be on the evolution of data center pipelines and is watching for commentary around interconnection times.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PPL:
- 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
- PPL’s Strong Growth Potential and Strategic Initiatives Drive Buy Rating