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Fly News Breaks for March 8, 2019
PPL
Mar 8, 2019 | 08:04 EDT
As previously reported, RBC Capital analyst Shelby Tucker downgraded PPL Corp to Sector Perform while also raising his price target to $33 from $32. The analyst cites the year-to-date outperformance for the stock relative to other U.S. utilities and views its risk-reward as "more balanced". Tucker is also concerned with the impact of Brexit uncertainty on PPL Corp as well as the FX headwinds for the company if the pound does not re-rate to its pre-Brexit level from the current exchange rate.
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