Analysts’ target prices

Southern Company (SO) stock corrected ~6% last week. Southern Company has a mean target price of $46.1—compared to its current market price of $46.1, which indicates flattish movement for the next year. Brokerages lowered Southern Company’s target price after its second-quarter earnings. Barclays cut Southern Company’s target price from $51 to $48 and lowered its rating from “overweight” to “equal weight.” J.P. Morgan lowered Southern Company’s target price from $46 to $45 on August 9. Guggenheim Investments cut Southern Company’s target price from $50 to $47 and lowered the rating from “buy” to “neutral.”

Top Utility Stocks Received a Target Price Change Last Week

Duke Energy (DUK), the second-largest utility by market capitalization, has a mean target price of $84.5—compared to its current market price of $80.9, which implies an estimated upside of $4.5% for the next 12 months. SunTrust Robinson Humphrey raised Duke Energy’s target price from $85 to $86.

One of the smallest components of the Utilities Select Sector SPDR ETF (XLU), AES (AES) stock has rallied more than 19% in the past year. Currently, AES is offering dull upside potential of 1.4% for the next year. Analysts gave AES a mean target price of $13.8, while its market price is $13.6. J.P. Morgan raised AES’s target price from $14.0 to $15. UBS also raised AES’s target price from $13 to $14.

According to Wall Street analysts’ consensus, PPL (PPL) stock offers an estimated upside of more than 8% for the next 12 months with a mean target price of $31.2. Currently, PPL stock is trading at $28.8. Deutsche Bank cut PPL’s target price from $36 to $33 and lowered its rating from “buy” to “hold.”

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