Barclays Maintains Equal-Weight on Southern, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Equal-Weight rating on Southern Company (NYSE:SO) but reduced the price target from $68 to $67. This adjustment reflects a slightly more cautious stance on the stock's valuation.
January 17, 2024 | 11:39 am
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Barclays has maintained an Equal-Weight rating on Southern Company but lowered the price target from $68 to $67, indicating a modestly reduced expectation for the stock's performance.
The price target reduction by Barclays is minor, suggesting only a slight change in the stock's valuation outlook. As the rating remains unchanged at Equal-Weight, the short-term impact on the stock price is likely to be neutral. Investors may have already priced in such expectations, and the change does not indicate a significant shift in company fundamentals or market position.
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