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