Consolidated Edison price target raised to $102 from $96 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Consolidated Edison (ED) to $102 from $96 and keeps an Underweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs stocks in North America under its coverage for January, the analyst tells investors. Morgan Stanley notes utilities underperformed the S&P’s return this month. Previewing Q4 earnings, the firm expects some balance in the discussion of data center pipelines given increased affordability and political concerns.