Morgan Stanley Maintains Equal-Weight Rating for Eversource Energy: Here's What You Need To Know

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.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.