PPL Corp. price target trimmed, called a top 2025 utility idea at Jefferies

Jefferies lowered the firm’s price target on PPL Corp. (PPL) to $38 from $39 and keeps a Buy rating on the shares. Despite trimming the firm’s target, the analyst identifies PPL as “a top utility idea for 2025” with its Kentucky generation opportunity coupled with Pennsylvania transmission potential to support new data centers.