Citigroup downgraded shares of Southern (NYSE: SO) from a buy rating to a neutral rating in a research note released on Monday morning. They currently have $46.00 price target on the stock, down from their previous price target of $48.00.
Southern traded up 0.18% on Monday, hitting $45.4399. Southern has a 1-year low of $41.75 and a 1-year high of $48.59. The stock’s 50-day moving average is currently $44.19. The company has a market cap of $39.719 billion and a price-to-earnings ratio of 16.81.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a buy rating on shares of Southern in a research note to investors on Friday, March 1st. Separately, analysts at Drexel Hamilton initiated coverage on shares of Southern in a research note to investors on Thursday, February 21st. They set a hold rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Southern from $46.00 to $45.00 in a research note to investors on Thursday, January 31st. They now have a hold rating on the stock.
Two analysts have rated the stock with a buy rating, fifteen have given a hold rating, one has assigned an underweight rating, and two have issued a sell rating to the stock. Southern currently has a consensus rating of hold and an average price target of $45.42.
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