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Fly News Breaks for June 22, 2015
PPL
Jun 22, 2015 | 07:24 EDT
Jefferies upgraded PPL Corp. to Buy from Hold saying shares at current levels offer a good entry point for investors. The stock currently trades at a 6% discount to other regulated utilities, but should be given a group average multiple following the recent spinoff of its unregulated business, Jefferies tells investors. It lowered its price target for shares to $34 from $34.50.
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