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Eversource price target raised to $72 from $68 at Mizuho

Mizuho raised the firm’s price target on Eversource (ES) to $72 from $68 and keeps an Outperform rating on the shares. The firm cites current market multiples for the target increase, but says Connecticut regulation is “going through a rough patch this week” with a Moody’s downgrade of Connecticut Light and Power, and two court proceedings regarding Public Utilities Regulatory Authority and its relationship with utilities.

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