Scotiabank lowered the firm’s price target on Eversource (ES) to $63 from $64 and keeps an Underperform rating on the shares. Despite its cheap valuation, the firm believes things can get worse before they start to get better, the analyst tells investors. Additionally, Eversource remains the firm’s least favorite regulated utility stock.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ES:
- Eversource downgraded to Neutral from Outperform at Mizuho
- Eversource path challenging with no Aquarion sale, says Citi
- Wells downgrades Eversource to Equal Weight on ‘failed’ Aquarion Water deal
- Eversource falls after Connecticut denies sale of Aquarion unit
- Eversource downgraded to Equal Weight from Overweight at Wells Fargo