UBS Remains Sidelined on Eversource Energy (ES) Ahead of SJC Ruling

UBS maintained a Neutral rating on Eversource Energy (NYSE: ES), and cut the price target to $61.00 (from $62.00), ahead of the MA Supreme Judicial Court's ruling on the authority of the MA DPU to contract for gas pipelines.

Analyst Julien Dumoulin-Smith commented, "We see ES as at a key inflection in datapoints, with the potential for the MA Supreme Judicial Court (SJC) poised to rule on the authority of the MA DPU to contract for gas pipelines (and in turn Access Northeast) as well as potentially historic legislation in MA by end of the session on July 31. Bottom line, it's a busy few months ahead."

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

Shares of EnergySolutions closed at $59.35 yesterday.

You May Also Be Interested In

• TechnipFMC (FTI) PT Raised to $30 at BTIG
• Hong Kong Exchange (388:HK) (HKXCY) PT Raised to HK$324.31 at Nomura/Instinet
• Persistent Systems Ltd. (PSYS:IN) PT Lowered to INR4,560 at Macquarie