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Fly News Breaks for January 14, 2019
PPL
Jan 14, 2019 | 07:44 EDT
As previously reported, BofA/Merrill analyst Julien Dumoulin-Smith downgraded PPL Corp. to Underperform from Neutral and lowered his price target on the shares to $28 from $29. The analyst cited PPL's recent outperformance, which he believes was unwarranted against what will likely be a challenging year end call. Management is expected to roll forward its long-term EPS guidance, currently 5%-6%, to 2021 where he sees just a 3.5% CAGR at best, one of the lower offerings across the large cap complex.
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