Jefferies Raises Price Target On Consolidated Edison To $54.50

According to Jefferies, Consolidated Edison ED price target is raised to $54.50 from $52.50. Jefferies said that it is maintaining its 2013 EPS estimate of $3.85. “We are maintaining our Hold rating on Consolidated Edison, Inc. (Con Ed) following the release of 2Q11 earnings.” Consolidated Edison closed yesterday at $54.50.