Argus Downgrades Southern Co. (SO) to Hold

Argus downgraded Southern Co. (NYSE: SO) from Buy to Hold amid continued Kemper plant issues.

The analyst commented, "We are lowering our rating on Southern Co. (NYSE: SO) to HOLD from BUY. Although the company has a well-run base of regulated utility assets, it continues to face significant delays and cost overruns at its Kemper County plant. As such, we are concerned that the plant may never become economically viable."

For an analyst ratings summary and ratings history on Southern Co. click here. For more ratings news on Southern Co. click here.

Shares of Southern Co. closed at $50.32 yesterday.

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