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Citi Investment Research is out with a research report on PPL Corp.
PPL and it has a Hold rating and is raising its price target to $28 from $29.
In a note to clients, Citi Investment Research writes, "We are raising our target price to $29/share and lifting our target multiple on US regulated business to 15x to account for BBB bond yields."
Shares of PPL are down 13 cents to $27.52 in early Wednesday trade.
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