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SO

Southern Company

$50.03

0.62 (1.25%)

16:27
10/12/16
10/12
16:27
10/12/16
16:27

Southern Company completes tests of clean syngas in Kemper County

Southern Company subsidiary Mississippi Power today has achieved the first electricity generated by clean syngas produced from Mississippi lignite at the company's Kemper County energy facility. This achievement was accomplished using a combination of clean syngas and natural gas. Next milestones are expected to include the production of electricity by the project's second gasifier, operating both combustion turbines using all syngas, followed by complete integration of the project's systems leading to full commercial operation. Mississippi Power currently expects the remainder of the project to be placed in service by Nov. 30, 2016.

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SO Southern Company
$50.03

0.62 (1.25%)

07/14/16
LEHM
07/14/16
UPGRADE
Target $62
LEHM
Overweight
Southern Company upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Daniel Ford upgraded Southern Company to Overweight saying the risk/reward is improving as it transforms to an infrastructure company. Southern's opportunities outweigh risks at this point in time, Ford tells investors in a research note. He raised his price target for the shares to $62 from $59.
07/14/16
GSCO
07/14/16
INITIATION
Target $54
GSCO
Neutral
Southern Company initiated with a Neutral at Goldman
Goldman analyst Michael Lapides reinstated coverage on Southern Company with a Neutral rating and $54 price target.
07/14/16
07/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Procter & Gamble (PG) upgraded to Buy from Neutral at UBS with analyst Stephen Powers saying the risk/reward is positive given the company's changes over the past six months. 2. Dick's Sporting (DKS) upgraded to Outperform from Sector Perform at RBC Capital with the firm saying it thinks that the company has a number of potential positive catalysts going forward, including reduced disruption from the Sports Authority's liquidation in the second quarter and third quarter and potential benefits from the liquidation next year, along with reduced spending on e-commerce in 2017. 3. GlaxoSmithKline (GSK) upgraded to Buy from Hold at Jefferies with analyst Jeffrey Holford saying fears of a dividend cut are overdone and the company's improving yield quality will continue to attract investors. 4. Southern Company (SO) upgraded to Overweight from Equal Weight at Barclays with analyst Daniel Ford saying the risk/reward is improving as it transforms to an infrastructure company. 5. Barrick Gold (ABX) and Randgold (GOLD) upgraded to Buy from Hold and Kinross Gold (KGC) upgraded to Hold from Underperform at Jefferies with analyst Christopher LaFemina upgrading the stocks after his firm increased its gold price forecasts to reflect ongoing elevated macro risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/16
07/14/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ball Corp. (BLL) reinstated with an Equal Weight at Barclays. 2. Southern Company (SO) initiated with a Neutral at Goldman. 3. Achillion (ACHN) initiated with a Sell on lack of data, competition at Chardan. 4. Sallie Mae (SLM) initiated with a Buy at Citi. 5. Vocera (VCRA) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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