PPL Corp. upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded PPL Corp. (PPL) to Overweight from Equal Weight with a price target of $40, up from $37. The company is well positioned for a “constructive” Pennsylvania rate case outcome and offers “increasingly visible” above-average earnings growth in 2026, the analyst tells investors in a research note. The firm says PPL’s valuation is discounted following the stock’s underperformance.