Guggenheim lowered the firm’s price target on Consolidated Edison to $86 from $97 and keeps a Neutral rating on the shares after the company’s Q4 report, stating that its revised target reflects the CECONY settlement, financing updates and a lack of near-term capex upside.
Published first on TheFly
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Read More on ED:
- CON EDISON REPORTS 2022 EARNINGS
- Consolidated Edison sees FY23 capital investments of $4.81B
- Consolidated Edison sees FY23 adjusted EPS $4.75-$4.95, consensus $4.82
- Consolidated Edison reports Q4 adjusted EPS 81c, consensus 80c
- Consolidated Edison upgraded to In Line at Evercore in Utilities reshuffle
