Consolidated Edison (ED) Receives a Sell from Credit Suisse

By Austin Angelo

In a report released today, Michael Weinstein W. from Credit Suisse maintained a Sell rating on Consolidated Edison (EDResearch Report), with a price target of $76.00. The company’s shares closed last Friday at $73.27.

According to TipRanks.com, W. is a 4-star analyst with an average return of 4.5% and a 57.1% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Centerpoint Energy.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Consolidated Edison with a $82.11 average price target.

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The company has a one-year high of $95.10 and a one-year low of $62.03. Currently, Consolidated Edison has an average volume of 2.82M.

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Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.