Eversource price target raised to $73 from $62 at Mizuho

Mizuho raised the firm’s price target on Eversource to $73 from $62 and keeps an Outperform rating on the shares. Eversource announced the closing of the South Fork Wind and Revolution Wind sale to GIP, with adjusted gross proceeds from the transactions at $745M, notes the analyst, who believes Eversource shares can re-rate to a low double-digit discount from the current 18% P/E discount to the group.