Goldman Sachs Starts Eversource Energy (ES) at Buy

Goldman Sachs analyst Carly Davenport initiates coverage on Eversource Energy (NYSE: ES) with a Buy rating and a price target of $73.00.

The analyst commented, "Appealing valuation at current levels, opportunities for incremental capital investment for transmission/load growth, and an improving balance sheet are the key factors underpinning our positive view on ES. Currently ES trades at a 17% discount to our coverage ex. California utilities, which we view as overdone. We see a 6% EPS CAGR through 2027, and we see 30% total return to our $73 12-month price target."

For an analyst ratings summary and ratings history on Eversource Energy click here. For more ratings news on Eversource Energy click here.

Shares of Eversource Energy closed at $59.47 yesterday.

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