Analysts have been eager to weigh in on the Utilities sector with new ratings on Consolidated Edison (ED) and Continental Resources (CLR).
Consolidated Edison (ED)
In a report released today, Michael Weinstein W. from Credit Suisse maintained a Sell rating on Consolidated Edison, with a price target of $74.00. The company’s shares closed last Thursday at $76.91.
According to TipRanks.com, W. is a 5-star analyst with an average return of 37.6% and a 67.9% success rate. W. covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Centerpoint Energy, and Eversource Energy.
Currently, the analyst consensus on Consolidated Edison is a Moderate Sell with an average price target of $73.00, which is a -4.0% downside from current levels. In a report issued on April 20, Morgan Stanley also maintained a Sell rating on the stock with a $73.00 price target.
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Continental Resources (CLR)
In a report released today, William Janela from Credit Suisse maintained a Hold rating on Continental Resources, with a price target of $30.00. The company’s shares closed last Thursday at $27.92.
According to TipRanks.com, Janela is a 5-star analyst with an average return of 67.0% and a 78.4% success rate. Janela covers the Utilities sector, focusing on stocks such as Magnolia Oil & Gas, Pioneer Natural, and Devon Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Continental Resources with a $28.04 average price target, which is a -0.5% downside from current levels. In a report released today, Siebert Williams Shank & Co also initiated coverage with a Hold rating on the stock with a $28.00 price target.
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