Morgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $73
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 $75 to $73.
June 23, 2023 | 1:19 pm
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Morgan Stanley's David Arcaro maintains an Underweight rating on Consolidated Edison and lowers the price target from $75 to $73.
The lowered price target by Morgan Stanley's analyst indicates a bearish outlook on Consolidated Edison's stock. This could lead to a negative short-term impact on the stock price as investors may adjust their positions based on the new price target.
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