Scotiabank analyst Andrew Weisel raised the firm’s price target on Eversource (ES) to $64 from $55 and keeps an Underperform rating on the shares. The firm remains bearish on the stock, naming it its “least favorite regulated utility stock,” the analyst tells investors. While Scotiabank is encouraged by the continued progress on the balance sheet, the firm does not believe headline risks will subside any time soon.
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