Scotiabank lowered the firm’s price target on Eversource (ES) to $55 from $56 and keeps an Underperform rating on the shares. The firm remains bearish on the stock, naming it its “least favorite U.S. utility stock,” the analyst tells investors. Additionally, the firm struggles to see near-term catalysts that would drive a positive rerating.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ES:
- Eversource price target lowered to $75 from $79 at Wells Fargo
- Eversource Energy Reports Strong 2024 Financial Turnaround
- Eversource Energy Reports Strong Earnings and Strategic Growth
- Eversource Energy: Hold Rating Amidst Nonlinear Growth and Equity Issuance Concerns
- Eversource Energy Reports Financial Turnaround with Strategic Plan