As previously reported, TD Cowen analyst Shelby Tucker initiated coverage of Consolidated Edison (ED) with a Hold rating and $105 price target While it is often viewed, and trades, as one of the most defensive stocks within the utility universe, this defensive positioning is not likely to be rewarded as operating in New York has its challenges and NY politics around affordability “may get in the way,” the analyst tells investors.
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Read More on ED:
- Consolidated Edison initiated with a Hold at TD Cowen
- Consolidated Edison price target raised to $105 from $104 at UBS
- Consolidated Edison price target lowered to $104 from $112 at UBS
- Consolidated Edison price target lowered to $92 from $98 at Morgan Stanley
- Consolidated Edison price target lowered to $97 from $101 at JPMorgan