Mizuho downgraded Eversource (ES) to Neutral from Outperform with a price target of $68, down from $81. The firm cites concerns over regulation in Connecticut for the downgrade. Mizuho says it wrongly believed Connecticut regulation would improve and allow the Aquarion transaction. Even with selloff yesterday, Eversource shares offer limited upside from the Connecticut regulatory overhang, the analyst tells investors in a research note.
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