Wolfe Research analyst Steve Fleishman upgraded Southern Company to Outperform from Peer Perform with a $76 price target. The recent stock pullback in the shares on near-term earnings headwinds provides an entry point to buy Southern into a "2023 inflection year," Fleishman tells investors in a research note. The analyst sees Vogtle 3 coming online in Q1, Vogtle 4 by around the end of 2023, and regulatory certainty soon in Georgia.
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Published first on TheFly
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