Credit Suisse analyst Nicholas Campanella raised the firm’s price target on Southern Company to $70 from $60 as he reviews investment drivers for the company and provides his full year 2023 preview where he sees flat EPS growth year -over-year compared to 2022, driven by financing costs, reversal of favorable weather & usage, GP’s rate settlement where the revenue requirement is backend weighted and dilution from the 2022 convert. The analyst keeps an Underperform rating on the shares.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SO:
- Southern Company downgraded to Sector Weight from Overweight at KeyBanc
- 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
