Mizuho analyst Anthony Crowdell lowered the firm’s price target on Southern Company (SO) to $88 from $97 and keeps a Neutral rating on the shares. The firm cites current market multiples for the target cut. Mizuho views the Georgia Power agreement as a “clear positive” for Southern Company and is surprised by the lack of a market reaction.
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Read More on SO:
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- Nicor outcome creates ‘real but manageable drag’ on Southern EPS, says Jefferies
- Southern Company price target lowered to $97 from $99 at Morgan Stanley
- Southern Company price target lowered to $91 from $98 at Barclays