The Fly

Consolidated Edison upgraded to In Line at Evercore in Utilities reshuffle

As previously reported, Evercore ISI analyst Durgesh Chopra upgraded Consolidated Edison to In Line from Underperform with a price target of $92, up from $76, while rolling out its 2025 EPS forecasts and updating 12-month price targets among the firm’s Power & Utilities coverage. The firm’s bullish sector thesis played out last year and it is now cautious on the sector entering 2023 and expects a reversal of the material outperformance last year given that Evercore argues the group is "expensive both absolutely and relatively" versus bond yields and the S&P 500.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on ED:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed