Market Overview

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

Related PPL
PPL and Riverstone Accept FERC's Additional Mitigation Measures
UPDATE: Jefferies Downgrades PPL On Lower Assumed Earnings Power
How Big Are The Fish In The iBillionaire High Dividend Index? (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

Jan 2015BarclaysMaintainsOverweight
Jan 2015JefferiesDowngradesBuyHold
Sep 2014Hilliard LyonsInitiates Coverage onBuy

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters