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Fly News Breaks for June 25, 2017
PPL
Jun 25, 2017 | 21:20 EDT
Goldman analyst Michael Lapides upgraded PPL Corp to Neutral and raised its price target to $38 from $35 given improved visibility into long-term hedges and earnings growth, combined with a stronger than expected British Pound. The analyst also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.
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