Wells Fargo Maintains Overweight on PPL, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Overweight rating on PPL Corporation (NYSE:PPL) and increased the price target from $30 to $32.
May 02, 2024 | 11:49 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on PPL Corporation and raised the price target from $30 to $32.
The upgrade in the price target by a reputable analyst like Neil Kalton from Wells Fargo is a strong positive signal for PPL Corporation. It suggests a bullish outlook on the stock, likely due to favorable analysis of the company's future prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100