Eversource price target raised to $69 from $67 at Wells Fargo

Wells Fargo analyst Neil Kalton raised the firm’s price target on Eversource to $69 from $67 and keeps an Overweight rating on the shares. The large OSW impairment is a negative development, the firm notes. Wells reduces estimated OSW sale proceeds to $0.8B from $1.7B, and also reduces its EPS estimates by about 3%.