Jefferies Maintains a 'Hold' on Southern Co. (SO); Weather Helps Drive Strong Q2 Results; Raising Numbers

Jefferies maintains a 'Hold' on Southern Co. (NYSE: SO) price target raised $1 to $41.

Jefferies analyst says, "We are increasing our 2011 EPS estimate by $0.04 to $2.56, which is at the high end of the company’s reaffirmed guidance of $2.48-$2.56. We are reducing our Q3 estimate to $1.04 from $1.07...We are fine-tuning our 2012 and 2013 EPS estimates to $2.71 and $2.84, respectively, and initiating a 2014 estimate of $2.93"

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 $39.76 yesterday.

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