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TD Cowen Maintains a Hold Rating on Eversource Energy (ES)
TD Cowen has reiterated a Hold rating on Eversource Energy (ES), increasing its price target to $77 from $74. Despite 2026 EPS estimates falling short, management anticipates 5%-7% long-term EPS growth starting in 2027, supported by storm cost securitization and potential regulatory reforms. The company also reported increased fourth-quarter profit and a raised five-year capital plan.