PPL Corp. price target raised to $48 from $40 at Jefferies

Jefferies raised the firm’s price target on PPL Corp. (PPL) to $48 from $40 and keeps a Buy rating on the shares. The firm’s recent roadshow with management leaves it with “higher conviction in our core view” that the company’s base business is undervalued, adding that Kentucky generation opportunities “appear ripe for positive announcements in 2026 too.”