PPL Corporation (PPL)
Going forward, we are apprehensive about the company given management's lowered 2010 earnings guidance, due to the recent dilution in the company's shares outstanding. Additionally, expectations for continued pressure on PPL's hedges and projections for higher coal transportation costs could weigh on future earnings, in our view.
This has led us to lower our estimates for 2010 and 2011 and also downgrade our recommendation on the stock to Underperform.
PPL Corporation (PPL) : FULL ANALYST REPORT
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Read the full analyst report on PPL

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