Morgan Stanley has decided to maintain its Equal-Weight rating of Eversource Energy ES and lower its price target from $97.00 to $94.00.
Shares of Eversource Energy are trading up 0.95% over the last 24 hours, at $91.23 per share.
A move to $94.00 would account for a 3.04% increase from the current share price.
About Eversource Energy
Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S. The company's utilities serve more than 4 million customers after acquiring NStar's Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020. Eversource also plans to develop 2 gigawatts of offshore wind projects by 2025. The company exited most of its unregulated businesses in 2006.
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