Morgan Stanley Issues a Buy Rating on PPL (PPL)
In a report released yesterday, David Arcaro from Morgan Stanley assigned a Buy rating to PPL. The company’s shares closed yesterday at $36.90.
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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy. According to TipRanks, Arcaro has an average return of 14.7% and a 68.13% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPL with a $42.24 average price target, implying a 14.47% upside from current levels. In a report released on March 20, BTIG also assigned a Buy rating to the stock with a $45.00 price target.
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 Corp. price target raised to $44 from $42 at Morgan Stanley
- PPL Corp. price target raised to $45 from $44 at BTIG
- 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
