Research Alert: CFRA Raises Opinion On Shares Of Ppl Corporation From Hold To Buy
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CFRA has upgraded its opinion on PPL Corporation from Hold to Buy, raising the 12-month target price to $42. The analysts project a 21.0x multiple on the next-12-month EPS estimate of $1.99, citing strong EPS and dividend growth potential. They maintain a 2026 EPS estimate of $1.95 and initiate a 2027 EPS estimate of $2.12. PPL's $23 billion capital investment plan from 2026 to 2029 is expected to yield a 10.3% rate base CAGR, supported by a joint venture with Blackstone Infrastructure.
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