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UPDATE: Credit Suisse Downgrades Southern Company to Neutral Following Recent Outperformance

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Credit Suisse lowers its rating on Southern Company (NYSE: SO) from Outperform to Neutral with the price target remaining at $49.

Credit Suisse says, "We believe Southern should stay a core holding in a utility portfolio but think the opportunity for significant outperformance versus the group is more limited from here. SO remains a best in class utility across the board with strong growth of 4-7%, excellent management, and constructive regulation with another 18 months until the next major rate case decision (GA Power in December 2013)."

SO closed at $47.38 on Friday.

Latest Ratings for SO

DateFirmActionFromTo
Sep 2014SunTrust Robinson HumphreyMaintainsNeutral
Aug 2014Morgan StanleyDowngradesEqual-weightUnderweight
Aug 2014SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for SO
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings

 

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