Goldman Sachs Adds PPL Corp (PPL) to Conviction Buy List
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Price: $34.38 -2.33%
Rating Summary:
19 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs added PPL Corp (NYSE: PPL) to Conviction Buy with a price target of $31, suggesting 25% upside.
The firm notes that while PPL trades at a discount to peers it offers a 5.5% dividend yield; positive catalysts, including environmental project approvals in Kentucky; and long-term exposure to tightening power markets as coal plants retire.
For more ratings news on PPL Corp click here and for the rating history of PPL Corp click here.
Shares of PPL Corp closed at $26.65 yesterday.
The firm notes that while PPL trades at a discount to peers it offers a 5.5% dividend yield; positive catalysts, including environmental project approvals in Kentucky; and long-term exposure to tightening power markets as coal plants retire.
For more ratings news on PPL Corp click here and for the rating history of PPL Corp click here.
Shares of PPL Corp closed at $26.65 yesterday.
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