BofA analyst Paul Cole raised the firm’s price target on Eversource to $68 from $67 and keeps a Neutral rating on the shares. The firm is optimistic the U.S. Power and Utilities sector will perform well through the remainder of the year due to the market typically taking a more defensive bias in the second half, prospects for rate cuts, and likely positive business updates during Q3 earnings reports, the analyst tells investors.
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Read More on ES:
- Eversource price target raised to $75 from $69 at Morgan Stanley
- Eversource price target raised to $66 from $57 at Scotiabank
- Eversource price target raised to $73 from $68 at Argus
- Eversource price target raised to $73 from $69 at BMO Capital
- Eversource Energy Schedules First Half Performance Webcast
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