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Analysts’ Top Utilities Picks: IdaCorp (IDA), PPL (PPL)

Tipranks - Tue Feb 24, 6:44AM CST

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on IdaCorp (IDAResearch Report) and PPL (PPLResearch Report) with bullish sentiments.

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IdaCorp (IDA)

BTIG analyst Alex Kania maintained a Buy rating on IdaCorp today and set a price target of $156.00. The company’s shares closed last Friday at $139.89.

According to TipRanks.com, Kania is a 3-star analyst with an average return of 2.8% and a 61.0% success rate. Kania covers the Utilities sector, focusing on stocks such as Public Service Enterprise, WEC Energy Group, and Dominion Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IdaCorp with a $143.29 average price target, which is a 2.9% upside from current levels. In a report issued on February 20, TipRanks – OpenAI also upgraded the stock to Buy with a $153.00 price target.

See the top stocks recommended by analysts >>

PPL (PPL)

In a report released today, Shahriar Pourreza from Wells Fargo maintained a Buy rating on PPL, with a price target of $41.00. The company’s shares closed last Friday at $37.44.

According to TipRanks.com, Pourreza is a 5-star analyst with an average return of 9.1% and a 69.1% success rate. Pourreza 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 $39.82, representing a 6.8% upside. In a report issued on February 21, TipRanks – Google also upgraded the stock to Buy with a $42.00 price target.

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