BMO Capital Maintains Market Perform on Eversource Energy, Lowers Price Target to $74
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst James Thalacker has maintained a 'Market Perform' rating on Eversource Energy (NYSE:ES) but lowered the price target from $87 to $74.
June 28, 2023 | 12:25 pm
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NEGATIVE IMPACT
Eversource Energy's price target has been lowered from $87 to $74 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform at the same level as similar companies in the market. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100