Argus Research Maintains Buy on Eversource Energy, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Argus Research has maintained its Buy rating on Eversource Energy (NYSE:ES) but has lowered the price target from $85 to $68. This adjustment reflects a change in the valuation assessment of Eversource Energy by Argus Research.

March 25, 2024 | 1:12 pm
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NEUTRAL IMPACT
Argus Research maintains a Buy rating on Eversource Energy but lowers the price target from $85 to $68.
The maintenance of a Buy rating suggests a positive outlook on Eversource Energy's fundamentals or growth prospects. However, the reduction in the price target could indicate a reassessment of the company's future earnings potential or market conditions, potentially leading to short-term price volatility. The impact is neutral as the positive sentiment from the Buy rating could be offset by the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100