In a report released yesterday, Greg Gordon from Evercore ISI reiterated a Hold rating on PPL Corp (PPL), with a price target of $31.25. The company’s shares opened today at $29.76.
Gordon commented:
“Weather and share dilution partly offset the Y/Y increase by -$0.05 / -$0.02, respectively.”
Gordon has an average return of 1.7% when recommending PPL Corp.
According to TipRanks.com, Gordon is ranked #952 out of 5229 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for PPL Corp with a $31.21 average price target, which is a 4.9% upside from current levels. In a report released yesterday, Merrill Lynch also upgraded the stock to Hold with a $30 price target.
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The company has a one-year high of $32.89 and a one-year low of $27.31. Currently, PPL Corp has an average volume of 4.36M.
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