J.P. Morgan Reaffirms Their Buy Rating on PPL (PPL)
J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on PPL today and set a price target of $43.00.
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According to TipRanks, Tonet is a 5-star analyst with an average return of 8.9% and a 60.93% success rate. Tonet covers the Energy sector, focusing on stocks such as Enbridge, Oneok, and Plains All American.
In addition to J.P. Morgan, PPL also received a Buy from BMO Capital’s James Thalacker in a report issued yesterday. However, on the same day, Mizuho Securities maintained a Hold rating on PPL (NYSE: PPL).
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
Read More on PPL:
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- PPL: De-Risked Core Utility with Visible EPS Growth and Regulatory Upside
- PPL Corp. price target raised to $42 from $41 at BMO Capital
- PPL Corp. price target raised to $40 from $39 at Mizuho
- PPL Electric Seeks Rate Increase to Fund Grid Upgrades
- PPL Electric reaches settlement with Pennsylvania PUC over rate increase
