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

Related SO
Southern Company Q2 Earnings Top on Strong Electricity Sales
Earnings Scheduled For July 30, 2014

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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