Morgan Stanley has maintained an Underweight rating on The Southern Company (SO), despite raising its price target to $91 from $85. The firm’s Q4 earnings preview indicates balanced discussions on data center pipelines, and The Southern Company recently increased its five-year capital plan to $81 billion, largely for power generation. While acknowledging SO’s investment potential, Morgan Stanley suggests certain AI stocks may offer greater upside and less downside risk.
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Morgan Stanley Maintains an Underweight Rating on The Southern Company (SO)
Morgan Stanley has maintained an Underweight rating on The Southern Company (SO), despite raising its price target to $91 from $85. The firm’s Q4 earnings preview indicates balanced discussions on data center pipelines, and The Southern Company recently increased its five-year capital plan to $81 billion, largely for power generation. While acknowledging SO’s investment potential, Morgan Stanley suggests certain AI stocks may offer greater upside and less downside risk.