Barclays lowered the firm’s price target on Consolidated Edison (ED) to $105 from $107 and keeps an Underweight rating on the shares as part of a Q3 earnings preview for the power and utilities group. The firm sees reasons to remain bullish on the group due to earnings outlooks.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ED:
- Consolidated Edison price target raised to $90 from $88 at KeyBanc
- Micron, Disney, Charter, ConEd, Bloom: Trending by Analysts
- Consolidated Edison: Hold Rating Amid Regulatory Challenges and Competitive Risks
- Consolidated Edison initiated with an In Line at Evercore ISI
- Consolidated Edison price target lowered to $93 from $95 at Morgan Stanley