Morgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro maintains an Underweight rating on Consolidated Edison (NYSE:ED) and lowers the price target from $77 to $75.
May 22, 2023 | 12:04 pm
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Morgan Stanley maintains an Underweight rating on Consolidated Edison and lowers the price target from $77 to $75.
The lowered price target by Morgan Stanley's analyst indicates a bearish outlook on Consolidated Edison's stock. This news may negatively impact the stock price in the short term as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100