Citi opens ’90-day positive catalyst watch’ on PPL Corp.

Citi analyst Ryan Levine opened a “90-day positive catalyst watch” on shares of PPL Corp. while keeping a Neutral rating on the name. By August 22 via settlement, or potentially by November 6 via decision, PPL could get favorable clarity on its Kentucky generation plan, which could create “upside and certainty” to its generation capex and earnings outlook as well as improved decarbonization timeline, the analyst tells investors in a research note.