Wolfe Research analyst Steve Fleishman downgraded Eversource to Peer Perform from Outperform without a price target. The stock’s risk/reward looks fair after catalysts were "mixed" and the remaining one, an offshore wind sale, is delayed, the analyst tells investors in a research note. The offshore wind sale keeps getting delayed, says the analyst, who will be "relieved" if Eversource gets any premium on its total investment. The firm believes execution on the offshore wind sale will be key.
Published first on TheFly
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- Eversource price target lowered to $86 from $89 at BMO Capital
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