BUZZ-Mizuho upgrades Southern Co on robust earnings, lifts PT to $104

Reuters

02/21

BUZZ-Mizuho upgrades <a href="https://laohu8.com/S/SOJA">Southern Co</a> on robust earnings, lifts PT to $104

** Mizuho upgrades U.S. utility Southern Co SO.N to "outperform" from "neutral"; raises PT to $104 from $89

** New PT is 9.4% upside to the stock's last close

** Brokerage cites robust earnings growth with a significant pipeline of incremental opportunities

** SO on Thursday posted Q4 revenue of $6.9 billion, beating analysts' estimates of $6.4 billion — data compiled by LSEG

** Seven of 24 analysts rate stock "strong buy" or "buy", 15 "hold" and 2 "sell"; their median PT is $102.5

** Including session's move, SO up 8.8% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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