UPDATE: Goldman Sachs Raises PT on PPL to $30

Goldman Sachs is out with its report today on PPL PPL, raising its PT from $29 to $30. In its report, Goldman Sachs writes, "On the back of higher 2013 estimates we raise our sum-of-the-parts based 12 month target price from $29 to $30 implying a total return of 18%, including a dividend yield of 5%. PPL trades at 10.0X/10.9X/10.8X on our 2011/2012/2013 EPS estimates, a 10%-15% discount to peers trading at 11.4X/12.8X/12.1X." Goldman Sachs maintains Buy on PPL. At the time of posting, shares of PPL were trading pre-market at $25.56, down 3.77% from Friday's close.