BMO Capital lowered the firm’s price target on Eversource (ES) to $75 from $79 and keeps a Market Perform rating on the shares. The firm is citing FERC having resolved the longstanding challenges around the base ROE for the New England Transmission Owners, with the order that determined the current rates were unjust and unreasonable and set the new base ROE at 9.57%, the analyst tells investors in a research note.
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