Morgan Stanley Maintains Underweight on Southern, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on Southern (NYSE:SO) and lowers the price target from $63 to $61.
May 22, 2023 | 12:28 pm
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Morgan Stanley maintains an Underweight rating on Southern (NYSE:SO) and lowers the price target from $63 to $61.
The lowered price target by Morgan Stanley analyst Stephen Byrd indicates a bearish outlook on Southern's stock. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100