Southern Company price target raised to $79 from $73 at BofA

BofA raised the firm’s price target on Southern Company to $79 from $73 and keeps a Neutral rating on the shares. The firm sees the long-term FY25-FY28 6% load growth profile to “likely drive results solidly toward the top end of the range,” but given where the stock is trading in terms of its premium to the peer group BofA contends that the attractive load growth and balance sheet are “appropriately priced in.”