Mizuho Maintains Buy on Southern, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has maintained a Buy rating on Southern Company (NYSE:SO) but has reduced the price target from $76 to $73.

November 21, 2023 | 12:20 pm
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NEUTRAL IMPACT
Mizuho has maintained a Buy rating on Southern Company but lowered the price target from $76 to $73.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Buy rating indicates that Mizuho's overall stance on Southern Company remains positive. This mixed signal could lead to a neutral short-term impact on the stock price as the market digests both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100