Mizuho lowered the firm’s price target on Consolidated Edison to $89 from $95 and keeps a Neutral rating on the shares. Now that the rate case is complete, the analyst sees a “catalyst-light story” that is currently trading at fair value.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on ED:
- Consolidated Edison initiated with an Equal Weight at Barclays
- Consolidated Edison price target lowered to $96 from $103 at BofA
- CON EDISON REPORTS 2023 SECOND QUARTER EARNINGS
- Consolidated Edison raises FY23 adj EPS view to $4.85-$5.00 from $4.75-$4.95
- Consolidated Edison reports Q2 adjusted EPS 61c, consensus 61c