Wells Fargo Upgrades Southern Co. (SO) to Outperform

April 15, 2013 9:46 AM EDT
Get Alerts SO Hot Sheet
Price: $49.06 --0%

Rating Summary:
    2 Buy, 16 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Wells Fargo upgraded Southern Co. (NYSE: SO) from Market Perform to Outperform.

"The upgrade of SO to Outperform from Market Perform is largely valuation driven as our assessment of SO's underlying fundamentals and growth outlook is relatively unchanged," Neil Kalton,

Kalton noted that shares of Southern Co have underperformed since 2011, a move he ties to the company's nuclear strategy. These concerns are overblown in his view.

For an analyst ratings summary and ratings history on Southern Co. (NYSE: SO) click here. For more ratings news on Southern Co. click here.

Shares of Southern Co. closed at $47.88 yesterday.

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