5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

In this article, we discuss the 5 stocks receiving a massive vote of approval from Wall Street analysts. If you want to see more such stocks on the list, go directly to 10 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts.

05. The Southern Company (NYSE:SO)

Price Reaction after the Upgrade: +0.90 (+1.31%)

On September 13, The Southern Company (NYSE:SO), a significant utility company, received an upgrade from Bank of America, sparking notable interest in the financial community. The stock was upgraded from “Underperform” rating to “Neutral”. As of the data available at the close of the market on September 13, The Southern Company (NYSE:SO) stock was trading at $70.42, reflecting a positive gain of 1.3%. However, this upgrade’s true significance lies in the price target change. Previously, the price target was set at $67.00, but it has now been raised to $68.00. This shift from an “Underperform” rating to a “Neutral” recommendation by Bank of America suggests a shift in perception regarding The Southern Company (NYSE:SO) prospects. The upgrade signifies a more stable outlook for Southern, and the increase in the price target from $67.00 to $68.00 underscores this newfound confidence.