In a report published Thursday, Morgan Stanley analyst Rajeev Lalwani reiterated an Equal-Weight rating on PPL Corporation 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 Corporation closed on Wednesday at $32.19.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in