Daniel Balakov PPL Corporation (NYSE:PPL) has been a laggard over the past year, rising just 4%. Headwinds from higher rates and slow growth have weighed on its valuation. I last covered PPL in December, rating shares a "hold," as I felt its geographic footprint created some downside risk to earnings targets. Since this analysis, shares have returned 9%, well below the market's 19% return. While this performance has been consistent with my ~8% expectations, given the relative underperformance, one could arg ...