Morgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an 'Underweight' rating on Consolidated Edison (NYSE:ED) and lowered the price target from $75 to $71.
October 25, 2023 | 12:19 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Consolidated Edison and lowered the price target from $75 to $71.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for Consolidated Edison. The lowering of the price target from $75 to $71 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100