Wells Fargo raised the firm’s price target on Southern Company (SO) to $99 from $95 due to higher peer multiples, while keeping an Equal Weight rating on the shares. The firm notes the company reported solid Q1 results, with guidance affirmed. Wells is making no change to its EPS outlook.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO:
- The Southern Company Reports Strong Q1 2025 Earnings
- Southern Company Reports Record EPS and Positive Outlook
- Southern Company sees long-term projected adjusted EPS growth 5%-7%
- Southern Company reports Q1 adjusted EPS $1.23, consensus $1.19
- Southern Company sees FY25 adjusted EPS $4.20-$4.30, consensus $4.28