UBS analyst William Appicelli notes that Eversource (ES) Energy’s NStar Gas filed a rate settlement with the only party in the case, the Massachusetts Attorney General, to avoid a rate case filing if approved. The settlement, which would resolve one of several regulatory items outstanding for the company, is a positive development, says the analyst, who maintains a Neutral rating and $73 price target on Eversource shares.
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Read More on ES:
- Eversource Energy: Massachusetts Settlement Lowers Regulatory Risk and Supports Attractive Buy-Rated Valuation
- Eversource Energy: Discounted Valuation Offset by Regulatory and Execution Uncertainties Supporting a Neutral Hold Rating
- Eversource price target lowered to $73 from $78 at UBS
- Eversource price target lowered to $71 from $72 at JPMorgan
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