Eversource price target lowered to $47 from $52 at Jefferies

Jefferies lowered the firm’s price target on Eversource (ES) to $47 from $52 and keeps an Underperform rating on the shares. After stark selloffs in power, utility, and technology stocks on January 26 prompted by DeepSeek, the “question is whether the data center boom is done before it even truly started,” the analyst tells investors in a Q4 preview for the power and utilities group. The firm still sees merits in the integrated utilities over transmission and distribution utilities, but continues to recommend “select lower risk names with more balanced risk rewards,” the analyst added.