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Eversource price target lowered to $55 from $56 at Scotiabank

Scotiabank lowered the firm’s price target on Eversource (ES) to $55 from $56 and keeps an Underperform rating on the shares. The firm remains bearish on the stock, naming it its “least favorite U.S. utility stock,” the analyst tells investors. Additionally, the firm struggles to see near-term catalysts that would drive a positive rerating.

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