10 Firms End Friday Strong; 3 Reach All-Time Highs

8. PPL Corporation (NYSE:PPL)

PPL Corp. soared to a new all-time high on Friday, finishing 2.09 percent higher to end at $35.71 apiece, as investors cheered JP Morgan’s rating and price target upgrade for the company.

At intra-day trading, PPL touched a record high of $35.97 before ending marginally lower towards the close.

On Friday, JP Morgan raised the company’s price target to $38 from $36 previously. The new figure represented a 6.4-percent premium from the company’s latest closing price.

PPL is an energy utility holding company based in Allentown, Pennsylvania which owns distribution utilities Louisville Gas and Electric Company and Kentucky Utilities Company, PPL Electric Utilities, and Rhode Island Energy.

PPL currently serves more than 1.3 million customers across its service areas.