Southern Company settlement removes a key risk, says Wells Fargo Wells Fargo believes the settlement between Mississippi Power and the Mississippi Public Service Commission outlining recovery of the under-construction Kemper County IGCC plant removes a key risk for Southern Company. Wells views the settlement as favorable for Southern Company and keeps a Market Perform rating on the stock.
News For SO From The Last 14 Days
Check below for free stories on SO the last two weeks.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
Southern Company management to meet with ISI Group Meetings to be held in San Francisco on June 18, in Los Angeles on June 19 and in Seattle, WA on June 20 hosted by ISI group.
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