Eversource price target lowered to $72 from $74 at BMO Capital

BMO Capital lowered the firm’s price target on Eversource to $72 from $74 and keeps a Market Perform rating on the shares, updating its model ahead of Q3 results. The company has a unique profile within the sector given its largely decoupled, pure-play electric, gas, and water T&D operations, and the firm is boosting its Q3 EPS view by 14c to $1.11 on electric rate base growth, weather in New Hampshire, and lower minor storm costs, the analyst tells investors in a research note.