Mizuho analyst Anthony Crowdell raised the firm’s price target on Consolidated Edison to $95 from $92 and keeps a Neutral rating on the shares after the New York Department of Public Service approved the company’s joint proposal 6-1 with the lone opposition vote concerned over the percentage increase. Now that the rate case is complete, the firm sees a “catalyst-light story” that is fair value currently trading at an 11% price-to-earnings premium.
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