BofA analyst Ross Fowler raised the firm’s price target on PPL Corp. (PPL) to $43 from $38 and keeps a Buy rating on the shares. The firm, which maintains its FY25, FY26 and FY27 estimates heading into Q3 after updating its model for Q2 actuals, updated its price target to reflect an update of the large cap electric utility peer group average multiple.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PPL:
- PPL Corp. price target raised to $40 from $35 at Barclays
- NextEra, Dominion, PPL, Enphase, First Solar: Trending by Analysts
- PPL Corp. price target raised to $39 from $37 at UBS
- PPL’s Strategic Growth and Undervalued Potential: A Buy Recommendation with 16% Upside
- PPL Corp. initiated with an Outperform at Evercore ISI