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Analysts Are Bullish on These Utilities Stocks: Algonquin Power & Utilities (AQN), PPL (PPL)

Tipranks - Tipranks - Tue May 12, 7:08AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Algonquin Power & Utilities (AQN) and PPL (PPL) with bullish sentiments.

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Algonquin Power & Utilities (AQN)

Scotiabank analyst Robert Hope maintained a Buy rating on Algonquin Power & Utilities today and set a price target of $7.00. The company’s shares closed last Friday at $6.07.

According to TipRanks.com, Hope is a 5-star analyst with an average return of 12.6% and a 70.0% success rate. Hope covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Brookfield Infrastructure, and Fortis. ;'>

Algonquin Power & Utilities has an analyst consensus of Moderate Buy, with a price target consensus of $6.82.

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PPL (PPL)

BMO Capital analyst James Thalacker maintained a Buy rating on PPL today and set a price target of $40.00. The company’s shares closed last Friday at $35.91, close to its 52-week high of $35.97.

According to TipRanks.com, Thalacker is a 5-star analyst with an average return of 13.7% and a 69.8% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on PPL is a Moderate Buy with an average price target of $42.52, representing a 15.6% upside. In a report issued on May 9, TipRanks – PerPlexity also upgraded the stock to Buy with a $41.00 price target.

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