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Analysts Conflicted on These Utilities Names: Centerpoint Energy (CNP) and Eversource Energy (ES)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Centerpoint Energy (CNPResearch Report) and Eversource Energy (ESResearch Report).

Centerpoint Energy (CNP)

Morgan Stanley analyst Stephen Byrd maintained a Buy rating on Centerpoint Energy today and set a price target of $31.00. The company’s shares closed last Thursday at $29.29.

According to TipRanks.com, Byrd is a 5-star analyst with an average return of 9.8% and a 57.0% success rate. Byrd covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Nextera Energy Partners.

Centerpoint Energy has an analyst consensus of Strong Buy, with a price target consensus of $33.11, representing a 13.1% upside. In a report issued on July 15, J.P. Morgan also maintained a Buy rating on the stock with a $33.00 price target.

See the top stocks recommended by analysts >>

Eversource Energy (ES)

In a report released today, David Arcaro from Morgan Stanley maintained a Hold rating on Eversource Energy, with a price target of $89.00. The company’s shares closed last Thursday at $82.91.

According to TipRanks.com, Arcaro is ranked #6464 out of 7943 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Eversource Energy with a $92.30 average price target, an 11.3% upside from current levels. In a report issued on July 12, Credit Suisse also maintained a Hold rating on the stock with a $87.00 price target.

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