Deutsche Bank Reiterates Hold on PPL Corp. (PPL)

Deutsche Bank is out with its report today on PPL Corp. PPL, reiterating Hold and a $26.50 PT on PPL. In a note to clients, Deutsche Bank writes, "PPL reported 4Q10 EPS on Friday and provided its first post-Kentucky acquisition outlook. While results beat expectations and guidance was only mildly disappointing, PPL's stock severely underperformed on M&A concerns. Management did little to dissuade the notion that they were strongly considering regulated acquisition less than 1 year after their $7.6B Kentucky Regulated purchase. We remain concerned about investors' appetite for another sizable deal, regardless of the longer-term strategic value. Reiterate Hold." Shares of PPL closed Friday at $25.08, down 2.90% from Thursday's close.