Goldman's Reinstated Neutral Rating
Goldman Sach's Michael Lapides reinstated Southern Co. at Neutral with a price target of "$54sh." The analyst emerged 5 percent above street consensus on 2017/2018 EPS, estimating $2.88 and $2.90 respectively.
Regulatory Risk
Among Lapides greatest concerns is regulatory risk. "Regulatory risk remains heightened given (1) ongoing investigations into the Kemper County clean coal project and a major rate case next year for this project and (2) regulatory approvals for potential incremental nuclear construction costs at the Vogtle site," stated the analyst.
At time of writing, Southern Co traded at $53.01, down 0.23 percent in Thursday's pre-market session.
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