Barclays Maintains Equal-Weight on Eversource Energy, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Equal-Weight rating on Eversource Energy (NYSE:ES) but has reduced the price target from $66 to $61.
January 22, 2024 | 2:33 pm
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NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on Eversource Energy but lowered the price target from $66 to $61, indicating a potential downside or slower growth.
The reduction in price target by Barclays reflects a more conservative valuation of Eversource Energy, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100