Scotiabank Maintains Sector Underperform on Consolidated Edison, Raises Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel has maintained a Sector Underperform rating on Consolidated Edison (NYSE:ED) and increased the price target from $90 to $91.

February 20, 2024 | 6:19 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Underperform rating on Consolidated Edison but raises the price target from $90 to $91.
While the increase in price target from $90 to $91 by Scotiabank suggests a slightly more positive outlook on Consolidated Edison's valuation, the maintenance of a Sector Underperform rating indicates ongoing concerns about the company's performance relative to its sector. This mixed signal could lead to neutral short-term price movement as investors weigh the slight price target increase against the underperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100