PPL Corp (PPL) PT Lowered to $38 at BMO Capital

BMO Capital analyst James M. Thalacker lowered the price target on PPL Corp (NYSE: PPL) to $38.00 (from $40.00) while maintaining an Outperform rating.

The analyst commented: "PPL reported in-line 2Q26 EPS of $0.33. Management reaffirmed its 2026 EPS guidance of $1.90-1.98 as well as its 6-8% EPS growth outlook through at least 2029 with the continued expectation of being near the "top of the range." As expected, the call was focused on large load development with management positively pointing to the additional upside opportunities through KY generation and its Blackstone JV, which could represent $10-12bn of potential capital investment, strengthening and lengthening its outlook. Our MTM/SOTP target price moves to $38."

You May Also Be Interested In

• U.S. and Denmark close in on a Greenland deal - Reuters
• CrowdStrike (CRWD) PT Raised to $280 at Stephens
• California Resources (CRC) PT Lowered to $91 at Stephens