tiprankstipranks
PPL Corp. price target raised to $35 from $34 at BofA
The Fly

PPL Corp. price target raised to $35 from $34 at BofA

BofA raised the firm’s price target on PPL Corp. (PPL) to $35 from $34 and keeps a Buy rating on the shares. The firm was “surprised by the weak trading reaction” to PPL’s Q3 update as it thought the in line Q3 EPS, FY24 EPS midpoint increase in a tighter $1.67-$1.73 FY24 EPS range and broader commentary regarding capital and earnings upside levers from datacenter opportunities should have supported the stock, the analyst tells investors in a post-earnings note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App