UPDATE: Goldman Sachs Lowers PT on PPL Corporation
According to a research report this morning, Goldman Sachs lowers its PT on PPL Corporation (NYSE: PPL) from $30 to $29.
Goldman Sachs stated, “We believe that underperformance at PPL – largely driven by lower natural gas/power prices – remains overdone as regulated earnings growth largely offsets the decline at the merchant segment. At current valuation, PPL remains attractive given its strong regulated businesses and exposure to baseload generation in PJM.”
PPL Corporation closed yesterday at $27.38 as Goldman Sachs reiterates its Buy rating.
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