UBS Downgrades Southern to Neutral, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Daniel Ford downgraded Southern (NYSE:SO) from Buy to Neutral and reduced the price target from $78 to $76.
April 04, 2024 | 3:02 pm
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Southern was downgraded by UBS from Buy to Neutral, with a price target reduction from $78 to $76.
The downgrade from Buy to Neutral by a major analyst like UBS, accompanied by a reduction in price target, typically signals a less optimistic outlook on the stock's performance in the near term. This could lead to a decrease in investor confidence and potentially a drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100