Morgan Stanley Keeps a Sell Rating on Consolidated Edison, Inc. (ED)


In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on Consolidated Edison, Inc. (ED), with a price target of $89.00. The company’s shares closed last Monday at $91.10.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -0.7% and a 54.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.

Consolidated Edison, Inc. has an analyst consensus of Hold, with a price target consensus of $92.00.

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Based on Consolidated Edison, Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.74 billion and net profit of $152 million. In comparison, last year the company earned revenue of $3.34 billion and had a net profit of $435 million.

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