Southern Co. (SO) PT Lowered to $57 at Mizuho Securities
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Mizuho Securities analyst Paul Fremont lowered the price target on Southern Co. (NYSE: SO) to $57.00 (from $59.00) while maintaining an Underperform rating.
The analyst commented, "According to Staff, the deficiency of Bechtel’s quality control programs is a key concern of both Southern Nuclear and the NRC. Southern’s own root cause analysis concluded that a motivation to credit construction hours as “earned” drove supervisors to turnover work to ITP for testing without first correcting for deficiencies in the work. Staff is concerned that this may result in the NRC expanding the scope of its review. We reiterate our Underperform rating on SO shares and update our PT to $57 (previously $59) to account for current market multiples."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Morgan Stanley Upgrades Sony Corp. (6758:JP) (SNE) to Overweight
- Eurofins Scientific SE (ERF:FP) (ERFSF) PT Raised to EUR76 at HSBC
- RPM International (RPM) PT Lowered to $89 at RBC Capital
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!