Scotiabank Maintains Sector Outperform on Southern, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel maintains a Sector Outperform rating on Southern (NYSE:SO) but lowers the price target from $80 to $77.

April 22, 2024 | 6:32 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on Southern but lowers the price target from $80 to $77.
The adjustment in price target by Scotiabank reflects a nuanced view on Southern's stock, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to a neutral short-term impact as the market digests the implications of a lower price target against a backdrop of continued sector outperformance endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100