Morgan Stanley analyst David Arcaro lowered the firm’s price target on Consolidated Edison (ED) to $98 from $100 and keeps an Underweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in October, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ED:
- Consolidated Edison Sells $900M Debentures for Growth
- Consolidated Edison price target lowered to $101 from $105 at Barclays
- Con Edison Reports Strong Q3 2025 Earnings
- Consolidated Edison narrows FY25 adj EPS view to $5.60-$5.70 from $5.50-$5.70
- Consolidated Edison reports Q3 adjusted EPS $1.90, consensus $1.75