UPDATE - Citi Downgrades PPL Corp (PPL) to 'Hold'; Catalysts In Rearview Mirror & Falling Commodity Prices Lead to Cut

UPDATE - Citi downgrades PPL Corp (NYSE: PPL) from Buy to Hold. PT lowered from $30.50 to $28.50.

Citi analyst says, "PPL is now shifting into an execution story, where for the stock to move meaningfully higher from here: 1)The company needs to execute well in its Kentucky utility, post acquisition 2) Manage its generation portfolio in a challenging commodity price environment, and 3) Initiate a pro-forma 2011 guidance that would be better than expected."

Shares of PPL closed at $27.85 yesterday, with a 52-week range of $23.75-$33.05.

To see all the upgrades/downgrades on shares of PPL, visit our Analyst Ratings page.

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