Royal Bank of Canada Upgrades PPL to Hold Rating

PPL (NYSE:PPL) has been upgraded to a 'hold' rating by Royal Bank Of Canada, according to a research report issued on Tuesday. This is not the first time PPL's rating has been adjusted - several other equities analysts have recently weighed in on the stock.

Bank of America dropped its price target on shares of PPL from $42.00 to $39.00 and set a 'buy' rating for the company, while BMO Capital Markets reduced their price objective on shares of PPL from $40.00 to $38.00 and set an 'outperform' rating.

JPMorgan Chase & Co. increased its price objective on PPL from $42.00 to $45.00 and gave the company an 'overweight' rating, while Mizuho raised PPL to a 'hold' rating in a research report last week.