Mizuho raised the firm’s price target on Consolidated Edison to $95 from $93 and keeps a Neutral rating on the shares. On Friday after the close, the New York Public Service Commission recommended a 9.5% return on equity and 48% equity layer and revenue reduction of $38M /$20M for Consolidated Edison’s subsidiary O&R’s electric and gas rate case, the analyst tells investors in a research note. The firm continues to see balanced risk/reward for the shares and increased the price target on the latest multiples.
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