01:35 AM EDT, 05/18/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of CAD72 (raised by CAD8) reflects a combination of our relative valuation and DCF model analyses. On a relative basis, we apply an 11.5x multiple of enterprise value to projected 2027 EBITDA, in line with peers, which yields a value of CAD65 per share. Our DCF model, which presumes medium-term free cash flow growth of 4% per year, a 2.0% terminal value, and is discounted at a WACC of 6.2%, yields a value of CAD79 per share. We lift our 2026 EPS estimate by CAD0.42 to CAD3.09, and similarly 2027's by CAD0.10 to CAD3.15. We see PPL has exposure to both LNG Canada and Cedar LNG, and if the recent war in the Middle East throws a wrench into the long-term reliability of Persian Gulf-sourced LNG, we think it could work to the advantage of Canadian LNG players. Shares yield 4.4%, after the company boosted its quarterly dividend by 3.5% to CAD0.735 per share. This is about in line with Canadian midstream peers.