Morgan Stanley lowered the firm’s price target on Consolidated Edison (ED) to $92 from $93 and keeps an Underweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.
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Read More on ED:
- Consolidated Edison: Hold Rating Amid Regulatory Challenges and Valuation Concerns
- Consolidated Edison price target lowered to $93 from $94 at Morgan Stanley
- Consolidated Edison Holds Annual Shareholder Meeting
- Consolidated Edison price target lowered to $105 from $114 at Mizuho
- Consolidated Edison downgraded to Underweight from Sector Weight at KeyBanc