Truist initiated coverage of Southern Company (SO) with a Hold rating and $103 price target The firm launched coverage of 20 names in the power and utilities group. Vertically integrated electric utilities are “clear winners” in building the infrastructure to serve load growth for data centers, the analyst tells investors in a research note. Truist believes should lean into growth in the space and names American Electric Power, Entergy, and Xcel Energy top picks. It also likes Ameren, CMS Energy, and DTE Energy.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO:
- Southern Company boosts quarterly dividend to 76c from 74c
- Seaport downgrades Southern Company ahead of Georgia elections
- Southern Company downgraded to Neutral from Buy at Seaport Research
- PowerSecure to deliver energy storage, solar for PRECorp
- Southern Company price target raised to $114 from $107 at Citi