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The Southern Company (NYSE:SO) is included among the 10 Best Bear Market Stocks to Invest in Right Now.
On April 21, David Arcaro of Morgan Stanley lowered the firm’s price recommendation on The Southern Company (NYSE:SO) to $92 from $94. It maintained an Underweight rating on the shares. He said the firm is updating price targets for Regulated & Diversified Utilities and IPPs in North America under its coverage. In March, utilities outperformed the S&P 500’s return.
On April 21, Wells Fargo raised its price objective on SO to $99 from $96. It reiterated an Equal Weight rating on the shares. Following conversations with the companies, the firm updated its Q1 2026 estimates to reflect known and measurable drivers across its regulated utility coverage. It also raised its base value multiple times to 17.5 times from 17 times.
The Southern Company (NYSE:SO) is an energy provider. It owns three traditional electric operating companies, Southern Power Company, and Southern Company Gas. The traditional electric operating companies, Alabama Power, Georgia Power, and Mississippi Power, operate as public utilities. They provide electric service to retail customers across three Southeastern states, along with wholesale customers in the Southeast.
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