Barclays Reiterates an 'Equalweight' on Southern Co. (SO); 1Q11 Driven Mainly by Weather
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Price: $88.94 -2.72%
Rating Summary:
8 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays reiterates an 'Equalweight' on Southern Co. (NYSE: SO), PT increased from $39 to $41.
Barclays analyst says, "On the conference call management provided an update around potential impacts to the US nuclear industry following the events at Fukushima. In their view any consequences are most likely to apply to older technologies within the current fleet. They expect minimal impact on the ongoing construction project at Vogtle. The company continues to expect the construction and operations license to be issued by the NRC by year-end 2011."
"We are updating our eps forecast from $2.51/$2.67E for '11/12E to $2.52/$2.71/$2.84E for '11/12/13E respectively."
For more ratings news on Southern Co. click here and for the rating history of Southern Co. click here.
Shares of Southern Co. closed at $38.91 yesterday.
Barclays analyst says, "On the conference call management provided an update around potential impacts to the US nuclear industry following the events at Fukushima. In their view any consequences are most likely to apply to older technologies within the current fleet. They expect minimal impact on the ongoing construction project at Vogtle. The company continues to expect the construction and operations license to be issued by the NRC by year-end 2011."
"We are updating our eps forecast from $2.51/$2.67E for '11/12E to $2.52/$2.71/$2.84E for '11/12/13E respectively."
For more ratings news on Southern Co. click here and for the rating history of Southern Co. click here.
Shares of Southern Co. closed at $38.91 yesterday.
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