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Stock impact report

KeyBanc Lifts Con Edison (ED) Target to $96 on Updated Capital Plan and Guidance [Yahoo! Finance]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: Yahoo! Finance
KeyBanc Lifts Con Edison (ED) Target to $96 on Updated Capital Plan and Guidance On March 4, KeyBanc raised its price recommendation on Consolidated Edison, Inc. (NYSE:ED) to $96 from $86 and maintained an Underweight rating on the shares. The firm noted that the company recently reported its fourth-quarter results and provided a broad update to investors. This included guidance for 2026, a refreshed capital plan, a long-term EPS CAGR outlook, and an updated financing plan. According to the analyst, most of these items came in largely in line with expectations. On February 23, Consolidated Edison also announced a public offering of 7 million common shares. The shares will be sold by J.P. Morgan Securities, which is acting as the underwriter. The shares will be borrowed by a forward counterparty from third parties and then sold in the market. Under the forward sale agreement, Con Edison expects to issue and deliver the same number of shares to the counterparty once the agreement i Show less Read more
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