Scotiabank Maintains Sector Underperform on Consolidated Edison, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel maintains a Sector Underperform rating on Consolidated Edison (NYSE:ED) but raises the price target from $85 to $90.
August 20, 2024 | 1:11 pm
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Scotiabank's analyst Andrew Weisel maintains a Sector Underperform rating on Consolidated Edison but raises the price target from $85 to $90.
The analyst's decision to maintain a Sector Underperform rating suggests a cautious outlook on Consolidated Edison, which may not significantly impact the stock price. However, the raised price target to $90 indicates a slightly more optimistic view on the stock's potential, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100