Eversource price target lowered to $74 from $78 at Wells Fargo

Wells Fargo lowered the firm’s price target on Eversource (ES) to $74 from $78 and keeps an Overweight rating on the shares. FERC move to cut NE transmission ROE to 9.57% is a headline negative for Eversource, threatening CAGR trajectory, the firm notes, adding that the new guidance is below 5% off prior base and routes for stay/205 likely won’t salvage FY26.