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Wall Street Analysts Are Neutral on Top Utilities Picks

Analysts fell to the sidelines weighing in on Southern Co (SOResearch Report) and Shell (SHELResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Southern Co (SO)

Evercore ISI analyst Durgesh Chopra maintained a Hold rating on Southern Co on July 28 and set a price target of $69.00. The company’s shares closed last Friday at $76.89, close to its 52-week high of $77.61.

According to TipRanks.com, Chopra is a 4-star analyst with an average return of 9.0% and a 76.1% success rate. Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Southern Co has an analyst consensus of Hold, with a price target consensus of $75.63, representing a -0.3% downside. In a report issued on July 29, BMO Capital also maintained a Hold rating on the stock with a $77.00 price target.

See today’s best-performing stocks on TipRanks >>

Shell (SHEL)

In a report issued on July 28, Stephen Richardson from Evercore ISI maintained a Hold rating on Shell, with a price target of $60.00. The company’s shares closed last Friday at $53.38.

According to TipRanks.com, Richardson is a 4-star analyst with an average return of 8.5% and a 55.1% success rate. Richardson covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Magnolia Oil & Gas, and Canadian Natural.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shell with a $68.40 average price target.

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