TD Cowen raised the firm’s price target on Eversource (ES) to $77 from $74 and keeps a Hold rating on the shares. The firm said while 2026 EPS guidance came in below consensus, management outlined a long-term growth of 5-7% beginning in 2027, supported in part by the storm cost securitization. Cowen views 2027 as a potential inflection point; however, they believe there remains meaningful room for improvement on the regulatory front in both CT and MA.
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Read More on ES:
- Eversource price target raised to $79 from $75 at BMO Capital
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- Wells Fargo upgrades Eversource to Overweight, raises target to $78
- Eversource upgraded to Overweight from Equal Weight at Wells Fargo
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