BMO Capital analyst James Thalacker raised the firm’s price target on PPL Corp. (PPL) to $41 from $40 and keeps an Outperform rating on the shares. The firm views the settlement in the KU/LG&E rate case positively, as it proposes an aggregate electric and gas rate increase of $235M and incrementally derisks the company’s regulatory calendar, the analyst tells investors in a research note.
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Read More on PPL:
- 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
- PPL Corp. price target raised to $43 from $38 at BofA
- PPL Corp. price target raised to $40 from $35 at Barclays