PPL Corp. Announces 9.9 Million Share Secondary Video

PPL Corp (NYSE:PPL) announced a secondary offering of 9.9 million shares of common stock, scheduled to take place around April 13th.The firm says it intends on using the proceeds to make capital contributions to subsidiaries and repay short-term debt obligations.Shares are off 1.6% premarket.PPL (NYSE:PPL) has potential upside of 7.3% based on a current price of $27.66 and an average consensus analyst price target of $29.68.