PPL Corp. price target raised to $42 from $40 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on PPL Corp. (PPL) to $42 from $40 and keeps an Overweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs stocks in North America under its coverage for January, the analyst tells investors. Morgan Stanley notes utilities underperformed the S&P’s return this month. Previewing Q4 earnings, the firm expects some balance in the discussion of data center pipelines given increased affordability and political concerns.