Morgan Stanley Maintains Underweight on Southern, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on Southern (NYSE:SO) and lowers the price target from $61 to $60.
June 23, 2023 | 2:17 pm
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Morgan Stanley maintains an Underweight rating on Southern (NYSE:SO) and lowers the price target from $61 to $60.
Morgan Stanley's lowered price target for Southern (NYSE:SO) indicates a bearish outlook on the stock. The Underweight rating suggests that the analyst believes the stock will underperform compared to other stocks in the sector. This news may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100