Eversource price target lowered to $72 from $73 at BofA

BofA analyst Ross Fowler lowered the firm’s price target on Eversource (ES) to $72 from $73 and keeps a Buy rating on the shares. Q1 adjusted EPS is estimated at $1.58, slightly below consensus but up year over year, driven mainly by gains in Natural Gas Distribution and smaller contributions from electric segments, the analyst tells investors in a research note. These improvements are offset by higher interest expense and a somewhat higher tax rate at the parent level, the firm says.