Southern Co. (SO) PT Raised to $114 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the price target on Southern Co. (NYSE: SO) to $114.00 (from $108.00) while maintaining a Buy rating.

The analyst comments "Our SO thesis is underpinned by $80.7bn 2025–2029 capex driving an 8.5% rate-base CAGR and an 8.1% EPS CAGR to $5.80 in 2029, while FFO/Debt rises above 16% by 2029 too. We preview 3Q25 of $1.53 vs guidance of ~$1.50, and remind investors not to expect any earnings-related messaging. Contracting, certification and financing discipline distinguish SO; year-end GA PSC order anchors '26–'31 execution and reinforces affordability. BUY, $114 PT (22% TSR)."

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