SO - This Southern Co Analyst Is Turning Bullish: 'Its Justifies One Of The Highest Premiums' | Benzinga
Shares of Southern Co (NYSE: SO) remained highly volatile in early trading on Thursday.
The company’s "heightened focus on regulatory health,” strong balance sheet, and execution is likely to drive its relative performance in 2024, according to BMO Capital Markets.
The Southern Co Analyst: James Thalacker upgraded the rating for Southern Co from Market Perform to Outperform, while raising the price target from $72 to $77.
The Southern Co Thesis: Although the stock was among the best performers in 2023, there seems to be runway, as its profile "justifies one of the highest ...