Jefferies Raises PPL Corp. Estimates

Jefferies is raising its estimates on PPL Corp. PPL. “We are increasing our 2Q11 EPS estimate by $0.10 to $0.40 following the update for the share dilution calculation,” Jefferies writes. “We are decreasing our 4Q11 EPS estimate by $0.10 to $0.65.” PPL closed Tuesday at $27.96.