BofA raised the firm’s price target on Eversource (ES) to $62 from $61 and keeps a Neutral rating on the shares. Earnings increased due to higher rates in electric/gas business which was almost fully offset by increased parent expense, interest and O&M costs, BofA told investors in a research note. The firm added that the main theme to watch is offshore wind liability and said the legislative/regulatory environment could be catalysts for Eversource.
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