Deutsche Bank Reiterates Hold on NSTAR (NST)

Deutsche Bank is out with its report today on NSTAR (NYSE: NST), reiterating Hold.

In a note to clients, Deutsche Bank writes, "NST reported Q1 EPS of $0.59, in line with consensus and a penny above our $0.58E, and reaffirmed earnings guidance of $2.60-$2.75. We believe NST will be able to deliver on this guidance range and continue to view the company's planned merger with NU favorably. However, we continue to see limited upside opportunity at the current stock price absent new catalysts and reiterate our Hold rating."

Deutsche Bank maintains a $44.50 PT on NST.

Shares of NST closed Friday at $46.30, up 1.16% from Thursday's close.