Eversource price target lowered to $85 from $95 at Argus

Argus lowered the firm’s price target on Eversource to $85 from $95 to reflect the recent sector trends but keeps a Buy rating on the shares. The company’s management continues to project long-term EPS growth "in the upper half" of its 5%-7% guidance range, using 2022 as a base year, the analyst tells investors in a research note. Argus adds that it is positive on Eversource’s strong fundamentals, solid cost controls, and expanding transmission-line construction program while also noting that the company is committed to expanding EV charging stations and is working to become carbon-neutral by 2030.