UBS analyst William Appicelli resumed coverage of Consolidated Edison with a Neutral rating with a price target of $96, up from $92. The stock looks fairly valued at a 5% premium on the firm’s $5.89 2026 EPS which is in line with consensus, the analyst tells investors in a research note. Consolidated Edison has upside from clean energy capital expenditure opportunities but does not benefit from AI load growth trends seen in other service areas and New York regulation is fourth quartile in the UBS framework.
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