BofA raised the firm’s price target on Consolidated Edison (ED) to $107 from $104 and keeps an Underperform rating on the shares. Ahead of Q1, the firm forecast adjusted EPS of $2.28, in line with consensus, and expects positive contributions from modest revenue base growth, the first-year impact of the 2026-2028 electric and gas rate plan, and ongoing system investment. The firm also expects management to reaffirm 2026 adjusted EPS guidance, as well as its five-year adjusted EPS growth framework.
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