Scotiabank raised the firm’s price target on Southern Company (SO) to $99 from $98 and keeps an Outperform rating on the shares. The firm is “highly impressed” with the off-cycle capex update and strong demand trends reported in Q2, the analyst tells investors. Additionally, Scotiabank anticipates ongoing positive estimate revisions and strong regulatory regimes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO: