Price: $101.24, Change: $-3.73, Percent Change: -3.55%
Related Articles
Research
Research Alert: CFRA Raises Opinion On Shares Of Ppl Corporation From Hold To Buy
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target by $1 to $42, 21.0x our next-12-month EPS estimate of $1.99, near peers based on PPL's strong EPS and dividend growth potential. Our 2026 EPS view is kept at $1.95, and we initiate 2027 EPS at $2.12. Recent rate case outcomes have been largely constructive, which we think reduces execution risk and supports our confidence in timely cost recovery for the aggressive capital program. PPL guides for $23 billion in capital investments from 2026 to 2029, which it expects to translate into a 10.3% rate base CAGR, above peer growth rates, in our view. The Blackstone Infrastructure joint venture (51% PPL, 49% Blackstone) is gaining significant momentum, with gas turbine reservation agreements executed and multiple generation projects submitted into PJM's interconnection queue. This JV structure is particularly compelling because it provides exposure to merchant-like returns on generation assets serving captive data center loads under long-term contracts with "regulated-like" risk profiles.
$PPL
Research
AutoCanada Target Raised To C$22 From $20, Keeps Neutral Rating at CIBC Which Says "Recovery Still In Early Innings While Macro Risks Build"
Price: $20.15, Change: $-0.78, Percent Change: -3.73%
$ACQ.TO
Research
Research Alert: CFRA Maintains Buy Rating On Shares Of Barrick Mining Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $56, on an EV/EBITDA of 5.3x applied to our 2027 EBITDA estimate, vs. Barrick's three-year avg. fwd EV/EBITDA of 5.2x and peers' avg. of 5.7x. We raise our 2026 EPS estimate by $0.24 to $4.04 and 2027 by $0.38 to $4.63. Production guidance is maintained at 2.90-3.25M gold ounces and 190-220k tonnes of copper, with sequential increases through the year. A strong fundamental position is underpinned by robust FCF generation, with Q1 FCF surging 195% Y/Y to $1.21B, reflecting significant operating leverage to higher gold prices. The balance sheet remains strong with $2.4B in net cash. Key growth catalysts include the Lumwana expansion (on track for Q1 2028 first production), advancing Fourmile project (potential Tier-One asset), and the planned year-end North American IPO, which should unlock value. With improving operational consistency, a de-risked portfolio focus, and strong leverage to gold prices, we believe Barrick is well-positioned to deliver sustainable value creation.
$B