KeyBanc downgraded Consolidated Edison to Underweight from Sector Weight with a $90 price target Following a volatile Q1, the reporting season “proved fairly uneventful” for the utilities. The firm says that as large-load customer demand trends appear intact, and the risk for tariffs and Inflation Reduction Act is “book-ended,” it envisions the return of greater risk appetite in the space. As a result, KeyBanc made a number of rating changes to reflect its views. It downgraded Exelon (EXC), Consolidated Edison (ED), and Southern Co. (SO) to Underweight on valuation, downgraded Portland General Electric (POR) to Sector Weight due to jurisdictional headwinds, and upgraded Entergy (ETR) and Ameren (AEE) to Overweight citing their attractive growth stories in the space.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ED:
- Consolidated Edison price target lowered to $119 from $122 at BofA
- Consolidated Edison price target raised to $101 from $100 at Barclays
- VOO ETF News, 5/2/2025
- Consolidated Edison price target raised to $114 from $103 at Wells Fargo
- Strong Financial Performance and Growth Prospects Drive Buy Rating for Consolidated Edison
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue