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Stock impact report

Southern Company (SO) Price Target Raised by TD Cowen on Financing and Demand Outlook [Yahoo! Finance]

Southern Company (The) 2025 Series A Corporate Units (SOMN) 
Company Research Source: Yahoo! Finance
The Southern Company (NYSE: SO ) is included among the 14 Stocks on the Verge of Becoming Dividend Aristocrats Southern Company (SO) Price Target Raised by TD Cowen on Financing and Demand Outlook On March 6, Shelby Tucker of TD Cowen raised the firm's price objective on The Southern Company (NYSE:SO) to $112 from $108. It maintained a Buy rating on the shares. The firm said the company's loan guarantee from the U.S. Department of Energy represents both a financing win and political support for its strategy that “growth drives affordability.” According to the analyst, the company argues that large increases in electricity demand can benefit customers. Minimum bill contracts help cover system costs and ease pressure on electricity rates. With affordability concerns appearing less central for now, the firm believes the company may deserve a higher valuation premium. On February 26, Reuters reported that the U.S. Department of Energy offered a $26.54 billion loan to subsidiaries o Show less Read more
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