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.
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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