Morgan Stanley Maintains Underweight on Consolidated Edison, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an 'Underweight' rating on Consolidated Edison (NYSE:ED) and raised the price target from $73 to $75.

September 21, 2023 | 12:45 pm
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Morgan Stanley has maintained an 'Underweight' rating on Consolidated Edison and raised the price target from $73 to $75.
The news is directly related to Consolidated Edison as Morgan Stanley has maintained an 'Underweight' rating on the company. This suggests that the analyst believes the stock may underperform the market or its sector in the short term. However, the price target has been raised from $73 to $75, indicating a slightly more positive outlook on the stock's value. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100