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Fly News Breaks for July 14, 2016
PPL
Jul 14, 2016 | 05:42 EDT
Jefferies analyst Anthony Crowdell downgraded PPL Corp. to Hold saying the strong U.S. dollar will lead to lower earnings. PPL's U.K. business accounts for half of the company's earnings and at the current dollar/pound exchange rate, the company is likely to miss its 5%-6% earnings growth rate, Crowdell tells investors in a research note. He cut his price target for the shares to $38 from $41.50.
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