Scotiabank raised the firm’s price target on Consolidated Edison (ED) to $117 from $113 and keeps a Sector Perform rating on the shares. The company’s Q4 results were solid and FY26 guidance was better-than-expected, the analyst tells investors. The firm, however, sees the peer-average valuation as reasonable, leading it to remain on the sidelines.
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Read More on ED:
- Consolidated Edison sees FY26 CapEx $6.595B; FY27 CapEx $6.759B
- Consolidated Edison targets five-year adjusted EPS CAGR 6%-7%
- Consolidated Edison reports Q4 adjusted EPS 89c, consensus 86c
- Consolidated Edison sees FY26 adjusted EPS $6.00-$6.20, consensus $6.01
- ED Earnings this Week: How Will it Perform?