Barclays Maintains an 'Equalweight' on Southern Co. (SO); Economy and Growth Are What to Watch
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Price: $91.43 -0.82%
Rating Summary:
8 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
8 Buy, 18 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Barclays maintains an 'Equalweight' on Southern Co. (NYSE: SO) price target of $44.00.
Barclays analyst says, "We remain Equal Weight and are updating our eps
estimates from $2.52/$2.71/$2.84E to $2.56/$2.71/$2.84E for '11/12/13E respectively, in line with updated company guidance for 2011. We are increasing our price target from $42 to $44 consistent with the multiple expansion of the group. Our prior price target of $42 was premised upon a 15% regulatory jurisdiction premium to the then group multiple of 12.9x our '13E eps of $2.84E. Our current price target of $44 is premised upon a 15% regulatory jurisdiction premium to the current group multiple of 13.5x our '13E eps of $2.84E."
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 $43.12 yesterday.
Barclays analyst says, "We remain Equal Weight and are updating our eps
estimates from $2.52/$2.71/$2.84E to $2.56/$2.71/$2.84E for '11/12/13E respectively, in line with updated company guidance for 2011. We are increasing our price target from $42 to $44 consistent with the multiple expansion of the group. Our prior price target of $42 was premised upon a 15% regulatory jurisdiction premium to the then group multiple of 12.9x our '13E eps of $2.84E. Our current price target of $44 is premised upon a 15% regulatory jurisdiction premium to the current group multiple of 13.5x our '13E eps of $2.84E."
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 $43.12 yesterday.
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