B of A Securities Maintains Buy on Consolidated Edison, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith has maintained a 'Buy' rating on Consolidated Edison (NYSE:ED) but lowered the price target from $103 to $96.
August 16, 2023 | 5:21 pm
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Consolidated Edison's price target has been lowered from $103 to $96 by B of A Securities, though the 'Buy' rating is maintained.
The news of a lowered price target could potentially have a negative impact on the stock's price in the short term as it may cause some investors to reassess their positions. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100