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.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SO:
- Southern Company price target lowered to $72 from $73 at Mizuho
- Southern Company CEO Thomas Fanning to relinquish role, Chris Womack to succeed
- Southern Co call volume above normal and directionally bullish
- Southern Company price target raised to $77 from $70 at Wells Fargo
- Southern Company upgraded to Outperform from Peer Perform at Wolfe Research
