Eversource price target raised to $75 from $69 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Eversource to $75 from $69 and keeps an Equal Weight rating on the shares. In July, utilities outperformed the S&P’s +1.22% return by 560 bps, the analyst tells investors. The firm believes risks from offshore wind and Connecticut jurisdiction is fairly priced in.