Market Overview

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

Share:
Related SO
Benzinga's Top Upgrades, Downgrades For September 29, 2017
Mid-Afternoon Market Update: Dow Gains 50 Points; Glaukos Shares Slide
T Rowe Price Keeps Adding to Chubb, US Bancorp, Qualcomm (GuruFocus)

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
Oct 2017CitigroupMaintainsSell
Sep 2017RBC CapitalUpgradesSector PerformOutperform
Sep 2017GuggenheimUpgradesNeutralBuy

View More Analyst Ratings for SO
View the Latest Analyst Ratings

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

 

Related Articles (SO)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...