Mizuho Upgrades Eversource Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho upgraded Eversource Energy (NYSE:ES) to Buy with a new price target of $62.00, up from $54.00. Eversource Energy's shares are currently up 1.82% at $58.10. The company, a diversified holding entity, provides electric, gas, and water distribution in the Northeast U.S. and is exiting a partnership with Orsted for offshore wind projects.

February 15, 2024 | 5:00 pm
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POSITIVE IMPACT
Mizuho upgraded Eversource Energy to Buy, raising the price target from $54.00 to $62.00. The company's shares are trading up, reflecting positive market reception.
The upgrade by Mizuho likely reflects a positive outlook on Eversource Energy's operational and financial health, especially considering its strategic exits and acquisitions. The increase in the price target and the current upward trend in share price suggest a bullish short-term impact. However, the actual movement will depend on broader market conditions and the company's ability to meet these new expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100