Wells Fargo Upgrades Consolidated Edison to Equal-Weight, Lowers Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has upgraded Consolidated Edison (NYSE:ED) from Underweight to Equal-Weight, while also lowering the price target from $96 to $94.
October 17, 2023 | 10:42 am
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NEUTRAL IMPACT
Consolidated Edison has been upgraded to Equal-Weight from Underweight by Wells Fargo, but the price target has been lowered from $96 to $94.
The upgrade from Underweight to Equal-Weight indicates a more positive outlook on the stock, which could potentially lead to an increase in demand. However, the lowering of the price target from $96 to $94 suggests a slightly less optimistic view on the stock's future performance. These two factors could potentially offset each other, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100