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Wall Street Analysts Are Bullish on Top Utilities Picks

Tipranks - Wed Feb 25, 7:00AM CST

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Southern Co (SOResearch Report) and Digi Power X (DGXXResearch Report) with bullish sentiments.

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Southern Co (SO)

In a report released yesterday, Shelby Tucker from TD Cowen maintained a Buy rating on Southern Co, with a price target of $108.00. The company’s shares closed last Monday at $95.18.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 10.0% and a 68.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Edison International. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Southern Co with a $98.70 average price target, which is a 4.3% upside from current levels. In a report issued on February 20, TipRanks – Google also upgraded the stock to Buy with a $110.00 price target.

See the top stocks recommended by analysts >>

Digi Power X (DGXX)

In a report issued on February 20, Brian Kinstlinger from Alliance Global Partners reiterated a Buy rating on Digi Power X, with a price target of $7.00. The company’s shares closed last Monday at $2.42.

According to TipRanks.com, Kinstlinger is a 4-star analyst with an average return of 9.3% and a 43.3% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Bitdeer Technologies, Alarum Technologies, and One Stop Systems. ;'>

Currently, the analyst consensus on Digi Power X is a Moderate Buy with an average price target of $7.00.

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