Jefferies Downgrades PPL Corp (PPL) to Hold
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Price: $34.50 -1.48%
Rating Summary:
19 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
19 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies downgraded PPL Corp (NYSE: PPL) from Buy to Hold with a price target of $27.50 (down from $31.50).
The firm comments, "We are downgrading PPL to Hold from Buy due to valuation. Following a recent update of our forecast model for natural gas and power prices we are assuming a lower contribution from the company’s Supply (unregulated) business."
FY12 EPS goes from $2.35 to $2.30.
For an analyst ratings summary and ratings history on PPL Corp click here. For more ratings news on PPL Corp click here.
Shares of PPL Corp closed at $27.31 yesterday.
The firm comments, "We are downgrading PPL to Hold from Buy due to valuation. Following a recent update of our forecast model for natural gas and power prices we are assuming a lower contribution from the company’s Supply (unregulated) business."
FY12 EPS goes from $2.35 to $2.30.
For an analyst ratings summary and ratings history on PPL Corp click here. For more ratings news on PPL Corp click here.
Shares of PPL Corp closed at $27.31 yesterday.
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