Market Overview

UPDATE: Morgan Stanley Reiterates on PPL as All Eyes Are on Supply

Share:
Related PPL
Earnings Scheduled For February 4, 2016
Argus Hikes PPL Corp Outlook, Says Business Focus Leads To Higher Multiple
12 Dividend Increases, February 1-February 5, 2016 (Seeking Alpha)

In a report published Thursday, Morgan Stanley analyst Rajeev Lalwani reiterated an Equal-Weight rating on PPL (NYSE: PPL), but lowered the price target from $33.00 to $32.00.

In the report, Morgan Stanley noted, “Following rate resolution in the UK, extracting value from the merchant business is key for PPL as shares would have limited upside without it. Although we attribute no value here, the ability to capture synergies via M&A could drive 3-10% in upside, but we note uncertain value and timing.”

PPL closed on Wednesday at $32.19.

Latest Ratings for PPL

DateFirmActionFromTo
Feb 2016Deutsche BankDowngradesBuyHold
Jan 2016BarclaysMaintainsOverweight
Oct 2015Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for PPL
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Rajeev LalwaniAnalyst Color Price Target Analyst Ratings

 

Related Articles (PPL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters