Con Edison (ED) Gets a Sell Rating from Morgan Stanley


In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on Con Edison (NYSE: ED), with a price target of $77. The company’s shares closed yesterday at $78.44.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Con Edison with a $61.67 average price target.

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The company has a one-year high of $89.70 and a one-year low of $71.12. Currently, Con Edison has an average volume of 1.58M.

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Consolidated Edison, Inc. is a holding company, which through its subsidiaries engages in the business of regulated electric, gas, and steam delivery. It operates through the following segments: Consolidated Edison Co. of New York, Inc.; Orange & Rockland Utilities, Inc; Competitive Energy Businesses; and Other.

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