KeyBanc analyst Sophie Karp downgraded Southern Company to Sector Weight from Overweight without a price target. The shares are trading above the prior price target and further upside in the near-term is limited as a result of company-specific developments, Karp tells investors in a research note. Southern’s near-term overhangs include a "flat" earnings profile in 2023, residual Vogtle delays, and the impending management transition, says the analyst.
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