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UPDATE: Bank of America Reiterates on The Southern Company on Updated Estimates

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In a report published Tuesday, Bank of America analyst Brian Chin reiterated a Neutral rating on The Southern Company (NYSE: SO), and raised the price target from $42.00 to $43.00.

In the report, Bank of America noted, “Our 2014-16 consolidated EPS estimates for Southern Company are now $2.76, $2.85 and $2.96, respectively. As we stated in our 4Q earnings review, the updated EPS guidance outlook provided on the 4Q call came in light of our expectations due largely to a normalization of earnings at Southern Power, which had previously benefited from the extraordinarily low gas price environment experienced the past few years. From this lower base, we forecast a 2014-16 consolidated EPS CAGR of ~3.5%, roughly 100bps below regulated peers.”

The Southern Company closed on Monday at $42.16.

Latest Ratings for SO

DateFirmActionFromTo
May 2019UpgradesIn-LineOutperform
Feb 2019UpgradesUnderperformIn-Line
Jan 2019UpgradesSellNeutral

View More Analyst Ratings for SO
View the Latest Analyst Ratings

Posted-In: Bank of America Brian ChinAnalyst Color Price Target Analyst Ratings

 

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