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Fly News Breaks for February 2, 2018
ES
Feb 2, 2018 | 09:05 EDT
Citi analyst Praful Mehta downgraded Eversource Energy to Sell from Neutral and cut his price target for the shares to $54 from $61. The analyst sees a "challenging growth profile" for Eversource after the New Hampshire Site Evaluation Committee voted to deny the Northern Pass project application. The analyst believes the legal challenge will be lengthy and thinks the company's growth will weaken to the 4%-5% range.
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