Southern Company price target lowered to $99 from $107 at RBC Capital

RBC Capital analyst Stephen D’Ambrisi lowered the firm’s price target on Southern Company (SO) to $99 from $107 and keeps a Sector Perform rating on the shares. The company’s recently announced settlement in the GA All-Source RFP likely adds $4B to capital plan & explicitly ties large load additions to $1.7B in rate credits, the analyst tells investors in a research note. RBC adds however that despite the 4% underperformance since late October, the firm remains at neutral pending more clarity on a potentially politically noisy 2026.