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PPL Stock: Analysts’ Recommendations and Target Price

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PPL’s target price

PPL (PPL) stock has a median target price of $31.27—compared to its current market price of $29.56, which indicates an estimated upside of ~6% for the next 12 months.

According to the 15 analysts surveyed by Reuters that track PPL, two recommend a “strong buy,” four recommend a “buy,” eight recommend a “hold,” and one recommends a “sell” as of October 4.

The above chart shows how Wall Street analysts’ views on PPL stock changed in the last few months.

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Peers’ target prices

Duke Energy (DUK) is the second-largest utility by market capitalization. The stock has a median target price of $84.69, which implies an estimated upside of 7% going forward. Currently, Duke Energy is trading at $79.19.

Southern Company (SO) stock offers a potential upside of more than 6%—compared to its current market price of $42.79. Analysts have given Southern Company a mean target price of $45.44.

FirstEnergy (FE) stock has a median target price of $39.47—compared to its current market price of $36.70, which implies an estimated upside of nearly 8% for the next 12 months. Evercore raised FirstEnergy’s target price from $37.5 to $40.0 on October 4.

To learn which utility (XLU) stocks led in terms of the historical dividend growth, read These Three S&P 500 Utilities Have the Highest Dividend Growth.

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