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Analysts Have Conflicting Sentiments on These Utilities Companies: Consolidated Edison (ED), Constellation Energy Corporation (CEG) and Spire (SR)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Consolidated Edison (EDResearch Report), Constellation Energy Corporation (CEGResearch Report) and Spire (SRResearch Report).

Consolidated Edison (ED)

In a report released today, Nicholas Campanella from Credit Suisse maintained a Hold rating on Consolidated Edison, with a price target of $94.00. The company’s shares closed last Friday at $97.19, close to its 52-week high of $101.12.

According to TipRanks.com, Campanella is a 3-star analyst with an average return of 4.1% and a 43.2% success rate. Campanella covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Consolidated Edison with a $88.67 average price target.

See the top stocks recommended by analysts >>

Constellation Energy Corporation (CEG)

In a report released today, Sophie Karp from KeyBanc maintained a Buy rating on Constellation Energy Corporation, with a price target of $87.00. The company’s shares closed last Friday at $74.30, close to its 52-week high of $75.98.

According to TipRanks.com, Karp is a 5-star analyst with an average return of 11.5% and a 61.5% success rate. Karp covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.

Constellation Energy Corporation has an analyst consensus of Strong Buy, with a price target consensus of $71.25, which is a 2.1% upside from current levels. In a report issued on August 5, UBS also upgraded the stock to Buy with a $97.00 price target.

Spire (SR)

Wells Fargo analyst Sarah Akers maintained a Hold rating on Spire today and set a price target of $78.00. The company’s shares closed last Friday at $72.31.

According to TipRanks.com, Akers is a 4-star analyst with an average return of 8.2% and a 68.4% success rate. Akers covers the Utilities sector, focusing on stocks such as New Jersey Resources, Southwest Gas, and Northwest Gas.

Spire has an analyst consensus of Hold, with a price target consensus of $75.64, implying a 4.0% upside from current levels. In a report issued on July 25, J.P. Morgan also maintained a Hold rating on the stock with a $72.00 price target.

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