---
title: "Research Alert: CFRA Raises Opinion On Shares Of Ppl Corporation From Hold To Buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286445026.md"
description: "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."
datetime: "2026-05-14T16:10:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286445026.md)
  - [en](https://longbridge.com/en/news/286445026.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286445026.md)
---

# Research Alert: CFRA Raises Opinion On Shares Of Ppl Corporation From Hold To Buy

12:10 PM EDT, 05/14/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target by $1 to $42, 21.0x our next-12-month EPS estimate of $1.99, near peers based on PPL's strong EPS and dividend growth potential. Our 2026 EPS view is kept at $1.95, and we initiate 2027 EPS at $2.12. Recent rate case outcomes have been largely constructive, which we think reduces execution risk and supports our confidence in timely cost recovery for the aggressive capital program. PPL guides for $23 billion in capital investments from 2026 to 2029, which it expects to translate into a 10.3% rate base CAGR, above peer growth rates, in our view. The Blackstone Infrastructure joint venture (51% PPL, 49% Blackstone) is gaining significant momentum, with gas turbine reservation agreements executed and multiple generation projects submitted into PJM's interconnection queue. This JV structure is particularly compelling because it provides exposure to merchant-like returns on generation assets serving captive data center loads under long-term contracts with "regulated-like" risk profiles.

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