Eversource price target lowered to $73 from $75 at BMO Capital

BMO Capital analyst James Thalacker lowered the firm’s price target on Eversource (ES) to $73 from $75 and keeps a Market Perform rating on the shares after its Q1 results. Despite the steep valuation discount, the company’s regulatory calendar is crowded and successful navigation of multiple constructive outcomes is the critical path to realizing multiple expansion, the analyst tells investors in a research note.