UPDATE: Southern Company Downgraded by Citigroup
January 30, 2014 at 11:13 AM EST
In a report published Thursday, Citigroup analyst Shahriar Pourreza downgraded Southern Company (NYSE: SO ) from Buy to Neutral, lowering price target from $45 to $43. The report notes, "in our view, and the shares now trade in line with the peer group average. Current valuation levels coupled with lower