What To Know About Evercore ISI Group's Upgrade of Consolidated Edison

Evercore ISI Group upgraded its rating of Consolidated Edison ED to In-Line with a price target of $92.00, changing its price target from $76.00 to $92.00.

Shares of Consolidated Edison are trading up 0.18% over the last 24 hours, at $93.72 per share.

A move to $92.00 would account for a 1.84% decrease from the current share price.

About Consolidated Edison

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.