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Research Alert: CFRA Raises Opinion On Shares Of Ppl Corporation From Hold To Buy

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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.

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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.

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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 increase our 12-month target by CAD1 to CAD77, 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 USD0.24 to $4.04 and 2027 by USD0.38 to USD4.63. 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 $1.2B, 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 (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.

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