Citi Has Buy on Southern Company Inc (SO)

Citi Investment Research is out with a research report on Southern Company Inc (NYSE: SO) and it has a Buy rating and a $47 price target on shares.

In a note to clients, Citi Investment Research writes, "Southern Company reported 3Q 2011 EPS of $1.07 versus CIRA and consensus of $1.09 and $1.04, respectively. Q3 YoY results were positively impacted by higher retail revenues at Georgia Power, lower non fuel O&M and interest expense etc. These items were partially offset by lower results at Southern Power, below normal weather, higher taxes and share count."