Why PPL Corporation (PPL) Went Up On Friday?
From Yahoo Finance: 2025-03-28 22:31:00
Wall Street closed the week with negative gains due to global trade tensions, with the Nasdaq dropping by 2.70%, the S&P 500 by 1.97%, and the Dow Jones by 1.69%. Despite this, 10 individual stocks shone, with PPL Corporation reaching an all-time high, closing 2.09% higher at $35.71 aided by JP Morgan’s upgraded rating and price target. The company’s new price target of $38 represents a 6.4% premium over the latest closing price. PPL, an energy utility holding company based in Pennsylvania, currently serves over 1.3 million customers.
PPL Corporation ranked 8th on the list of firms that ended Friday strong, surpassing previous all-time highs. The stock’s performance was boosted by JP Morgan’s rating and price target upgrade, closing at $35.71, 2.09% higher. The company’s new price target of $38 represents a 6.4% premium over the latest closing price. PPL is an energy utility holding company based in Allentown, Pennsylvania, serving over 1.3 million customers across its service areas.
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