BMO lifts PPL price objective to $41 after Kentucky commission tweaks rate settlement
BMO Capital increased its 12-month price target for PPL Corp to $41 from $40 and kept an Outperform rating after the Kentucky Public Service Commission modified aspects of the KU/LG&E rate case. The commission reduced the allowed return on equity and adjusted certain capital riders, modestly lowering the aggregate revenue increase. Separately, PPL …