Eversource Energy: Massachusetts Settlement Lowers Regulatory Risk and Supports Attractive Buy-Rated Valuation
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Analyst Ross Fowler from Bank of America Securities has maintained a Buy rating on Eversource Energy, raising the price target to $75.00 from $67.16. The recent Massachusetts settlement allows NSTAR Gas to implement a $45 million rate base reset, reducing regulatory risk and enhancing earnings visibility. The agreement includes customer-focused concessions and avoids a contentious rate case, supporting a favorable regulatory environment. Fowler believes the current share price presents an attractive risk-reward profile, bolstered by steady growth expectations in earnings.
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