The PPL stock rating from Truist Securities began at Buy on October 23, 2023, when the firm initiated coverage with a $41.00 price target. The current status of that historical rating and target is not established.
PPL stock rating and price target
Truist’s initiation covered PPL Corp, whose shares trade under the ticker PPL. A Buy rating is an analyst recommendation, while a price target is an estimate rather than a guaranteed future share price.
An accompanying market snapshot listed PPL shares at $34.92, but did not specify when that price was observed. It should not be assumed to be the price on the rating date or the latest market price.
Regulated utility operations
PPL operates regulated electric and natural gas utilities, serving millions of customers through subsidiaries including Louisville Gas and Electric and PPL Electric Utilities.
The company sold its U.K. business in 2021 and subsequently concentrated its operations on the U.S. market.
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