Morgan Stanley Maintains Underweight Rating for Consolidated Edison: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley maintains its Underweight rating for Consolidated Edison (NYSE:ED) and lowers its price target from $75.00 to $73.00. Shares of ED are trading down 0.97% at $91.23 per share.
June 23, 2023 | 5:01 pm
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Morgan Stanley maintains Underweight rating for Consolidated Edison (NYSE:ED) and lowers price target to $73.00, a 19.98% decline from the current share price.
Morgan Stanley's decision to maintain its Underweight rating and lower the price target for Consolidated Edison is likely to have a negative impact on the stock price in the short term. The new price target represents a significant decline from the current share price, which may cause investors to reevaluate their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100