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Stock impact report

Bank of America Lifts ED Target Ahead of Q1, Maintains Bearish View [Yahoo! Finance]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On April 24, Bank of America raised its price recommendation on Consolidated Edison, Inc. (NYSE:ED) to $107 from $104. It reiterated an Underperform rating. Ahead of Q1 results, the firm projected adjusted EPS of $2.28, in line with consensus. It expects support from modest growth in the revenue base, along with the first-year impact of the 2026–2028 electric and gas rate plan and continued system investment. The firm also looks for management to reaffirm its 2026 adjusted EPS guidance and its five-year growth framework. On April 21, Morgan Stanley analyst David Arcaro lowered the price target on ED to $105 from $106 and maintained an Overweight rating. The analyst said the firm is updating price targets across Regulated and Diversified Utilities and IPPs in North America. In March, utilities outperformed the S&P 500. Consolidated Edison, Inc. (NYSE:ED) is a holding company. Through its subsidiaries, including Consolidated Edison Company of New York, Orange and Rockland Utilities Show less Read more
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