BofA analyst Ross Fowler maintained a Buy rating on Eversource Energy (NYSE:ES) while lowering the price target to $72 [1].
This adjustment reflects a shift in valuation expectations for the energy company, which currently holds a market capitalization of $25.7 billion [3]. It signals that while the analyst believes the stock remains a strong purchase, the immediate ceiling for its growth is slightly lower than previously estimated.
According to reports, Fowler lowered the price target on April 22, 2026, from $73 to $72 [1]. This follows a previous adjustment made on March 27, 2026, when the firm's price recommendation was lowered to $73 from $82 [2].
Fowler said the price target reduction was due to revisions to estimates [4]. The analyst has continued to support the Buy rating despite these downward revisions in the price target.
Eversource Energy operates as a utility company in the U.S., providing electricity and gas services. The recent BofA analysis provides a recent snapshot of how institutional analysts are viewing the utility sector's current valuation trends within the energy market.
“BofA analyst Ross Fowler maintained a Buy rating on Eversource Energy (NYSE:ES) while lowering the price target to $72”
The sequence of price target cuts—from $82 to $73 and then to $72—suggests a gradual downward adjustment of expectations for Eversource Energy's short-term performance. However, the retention of the 'Buy' rating indicates that BofA believes the stock is still undervalued relative to its long-term potential, despite the lowered price ceiling.
