UPDATE: Bank of America Reiterates Neutral Rating, Raises PT on The Southern Company on Updated Estimates

Loading...
Loading...
In a report published Tuesday, Bank of America analyst Brian Chin reiterated a Neutral rating on
The Southern CompanySO
, 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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsBank of AmericaBrian Chin
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...