Morgan Stanley Maintains Underweight Rating for Consolidated Edison: Here's What You Need To Know

Morgan Stanley has decided to maintain its Underweight rating of Consolidated Edison ED and lower its price target from $75.00 to $73.00.

Shares of Consolidated Edison are trading down 0.97% over the last 24 hours, at $91.23 per share.

A move to $73.00 would account for a 19.98% decline 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 generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

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