BMO Capital raised the firm’s price target on Eversource (ES) to $79 from $75 and keeps a Market Perform rating on the shares after its Q4 results and guidance. The stock’s outperformance on the day was primarily due to YTD underperformance as well as limited equity added to the financing plan, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ES:
- Eversource price target raised to $75 from $69 at Mizuho
- Wells Fargo upgrades Eversource to Overweight, raises target to $78
- Eversource upgraded to Overweight from Equal Weight at Wells Fargo
- Eversource price target raised to $80 from $75 at UBS
- Balanced View on Eversource Energy: Discounted Valuation Offset by Near-Term Earnings and Regulatory Risks Supporting a Hold Rating
