** Jefferies upgrades energy provider Southern Company SO.N rating to "buy" from "hold" and cuts PT to $100 from $102
** Shares of SO up marginally in premarket trading; new PT is 13.3% upside to stock's last close
** Brokerage says company's execution risk diminishes with regulatory certainty secured via rate case settlement and financing already underway
** "Although we don't expect a guidance raise yet, a rebase could occur as the company pivots into the higher-growth" - Jefferies
** Brokerage adds that the current valuation reflects SO as a premium utility, but does not adequately account for one of the sector's largest and most liquid names seeing accelerating earnings growth
** 7 out of 20 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $94.50 - data compiled by LSEG
** As of last close, SO shares up 7.3% YTD
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。