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SO on the Street: Analyst Recommendations and Price Targets



Southern Company’s price targets

The consensus Wall Street analyst price target for Southern Company (SO) is $50.76. Its current market price is $49.78, implying a rise of 2% over the next year.

Of the 21 analysts tracking Southern Company, one recommends a “buy,” while one recommends a “strong buy,” and 13 recommend a “hold.” Southern Company has four “sell” and two “strong sell” recommendations as of April 3, 2017.

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Renewables giant NextEra Energy (NEE) appears to have an attractive potential upside potential for the next year. It has a price target of $137.47, which implies an estimated upside of nearly 7% in one year.

Many utilities are currently offering dull upsides for the next year, given analysts’ price targets. However, some S&P 500 utilities (XLU) still offer handsome upsides from their current levels.

For more information, read Market Realist’s series These S&P 500 Utilities Offer Big Upsides after the Rate Hike.

For ongoing updates on the industry, keep checking in with Market Realist’s Power Utilities page.

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