Consolidated Edison (ED) Receives a Rating Update from a Top Analyst

RBC Capital analyst Shelby Tucker maintained a Hold rating on Consolidated Edison (EDResearch Report) on January 17 and set a price target of $94.00. The company’s shares closed yesterday at $93.34.

According to TipRanks, Tucker is a top 25 analyst with an average return of 12.6% and a 76.81% success rate. Tucker covers the Utilities sector, focusing on stocks such as American Electric Power, American Water, and Essential Utilities.

Currently, the analyst consensus on Consolidated Edison is a Moderate Sell with an average price target of $88.33, implying a -5.37% downside from current levels. In a report released on January 9, Mizuho Securities also downgraded the stock to a Hold with a $98.00 price target.

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The company has a one-year high of $101.31 and a one-year low of $77.38. Currently, Consolidated Edison has an average volume of 1.74M.

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Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.

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