Morgan Stanley raised the firm’s price target on Consolidated Edison (ED) to $106 from $102 and keeps an Underweight rating on the shares. The firm is updating the price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In February, utilities outperformed the S&P’s return. Additionally, recent discussions in the space were broadly constructive, with companies highlighting growth opportunities as well as optimism on load growth and signing deals with data centers, the firm adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ED:
- Portland General nominates Hoglund to join board of directors
- Consolidated Edison price target raised to $113 from $107 at JPMorgan
- Consolidated Edison Secures New $3.5 Billion Credit Facility
- Consolidated Edison price target raised to $117 from $106 at Evercore ISI
- Consolidated Edison price target raised to $96 from $86 at KeyBanc