Connecticut's Utility Overhaul Creates Tailwinds For Eversource Stock: Analyst
1. Bank of America upgrades Eversource Energy to Buy, raising price forecast to $85. 2. Positive regulatory changes in Connecticut are enhancing Eversource’s growth outlook. 3. Earnings estimates for 2026-2028 have been increased, indicating stronger future performance. 4. Near-term catalysts include the proposed Aquarion sale decision and Yankee Gas final order. 5. Eversource is approaching a cleaner balance sheet with improved funding flexibility.