Analysts have been eager to weigh in on the Utilities sector with new ratings on PPL (PPL – Research Report) and Spire (SR – Research Report).
PPL (PPL)
Wells Fargo analyst Neil Kalton maintained a Buy rating on PPL yesterday and set a price target of $32.00. The company’s shares closed last Wednesday at $28.00, close to its 52-week high of $29.04.
According to TipRanks.com, Kalton is a 5-star analyst with an average return of
Currently, the analyst consensus on PPL is a Strong Buy with an average price target of $30.17, representing an 8.9% upside. In a report issued on April 19, RBC Capital also maintained a Buy rating on the stock with a $31.00 price target.
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Spire (SR)
In a report released yesterday, Sarah Akers from Wells Fargo maintained a Hold rating on Spire, with a price target of $66.00. The company’s shares closed last Wednesday at $61.90.
According to TipRanks.com, Akers is a 4-star analyst with an average return of
Spire has an analyst consensus of Hold, with a price target consensus of $63.75, a 2.7% upside from current levels. In a report issued on April 26, Ladenburg Thalmann & Co. also initiated coverage with a Hold rating on the stock with a $57.50 price target.
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