Wells Fargo Maintains Underweight on Consolidated Edison, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has maintained an Underweight rating on Consolidated Edison (NYSE:ED) and lowered the price target from $102 to $96.
August 04, 2023 | 3:38 pm
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Consolidated Edison's price target has been lowered from $102 to $96 by Wells Fargo, which maintains an Underweight rating on the stock.
The lowering of the price target by a major financial institution like Wells Fargo indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term.
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