Southern Company upgraded to Conviction Buy from Buy at Goldman Sachs

Goldman Sachs analyst Carly Davenport keeps a Buy rating with an $80 price target on Southern Company, which is being added to the firm’s Conviction List in conjunction with the firm’s “Conviction List – Directors’ Cut” refresh for July. The firm views Southern Company as uniquely positioned to provide above average clean energy growth from nuclear, while having below average regulatory risk within its regulated utility, Goldman tells investors.