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Bank of America Securities Reaffirms Their Buy Rating on PPL (PPL)

Tipranks - Sat Apr 4, 5:38AM CDT

In a report released yesterday, Ross Fowler from Bank of America Securities maintained a Buy rating on PPL, with a price target of $43.00. The company’s shares closed yesterday at $38.64.

End of Quarter Sale - 50% Off TipRanks

Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Vistra Corp, and Black Hills. According to TipRanks, Fowler has an average return of 7.6% and a 67.76% success rate on recommended stocks.

Currently, the analyst consensus on PPL is a Moderate Buy with an average price target of $42.26.

Based on PPL’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.27 billion and a net profit of $266 million. In comparison, last year the company earned a revenue of $2.21 billion and had a net profit of $177 million

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