Evercore ISI Upgrades Southern Company to Outperform, Raises Price Target to $111 from $103
SOSO•
Evercore ISI upgraded Southern Company from In Line to Outperform and lifted its price target by 7.8% to $111 from $103. It cites Southern as a core utility holding with growing bullish sentiment over two months, expecting shares to break out to record highs.
1. Upgrade and Price Target Change
Evercore ISI raised Southern Company’s rating from In Line to Outperform while boosting its price target from $103 to $111, reflecting a 7.8% upside potential. The move positions Southern as a more attractive holding within the utility sector.
2. Analyst Rationale and Outlook
The firm has grown incrementally bullish over the past two months, emphasizing Southern’s role as a foundational utility investment. Analysts expect the stock to achieve new all-time highs based on this strengthened conviction.
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