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Fly News Breaks for December 31, 2015
PPL
Dec 31, 2015 | 09:00 EDT
Argus increased its price target on PPL after the company spun off its competitive supply business in order to focus on its regulated businesses. The firm thinks that the regulated businesses will generate "steady earnings and dividend growth." It believes that the company's multiple will rise as its earnings become more predictable. Argus keeps a Buy rating on the shares.
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