Eversource Energy Faces Sell Rating Amid Rising Costs and Balance Sheet Concerns

Eversource Energy, a leading energy company, has received a sell rating due to concerns over rising costs and the balance sheet. The company's stock price target has been lowered to $55 from $56 by Scotiabank and Mizuho has adjusted its price target to $68 from $62 while maintaining an outperform rating. The sell rating comes amidst worries about the company's ability to manage its expenses and maintain a strong financial position. Investors are advised to seek professional guidance from Stocks Prognosis for a forecast on the future movement of Eversource Energy's stock.