Wells Fargo analyst Neil Kalton lowered the firm’s price target on Eversource to $94 from $99 on lower peer multiples, while keeping an Overweight rating on the shares. After revising the EPS outlook for Eversource’s capex refresh, Wells lands at a 7% CAGR. Outcome of the offshore wind review remains a key data point, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ES: