RBC Capital Maintains Sector Perform on Consolidated Edison, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shelby Tucker has maintained a 'Sector Perform' rating on Consolidated Edison (NYSE:ED) but lowered the price target from $97 to $92.
September 06, 2023 | 3:54 pm
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Consolidated Edison's price target has been lowered from $97 to $92 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Consolidated Edison's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
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