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Consolidated Edison (ED) Receives a Buy from Mizuho Securities

Tipranks - Tipranks - Fri Apr 3, 6:26AM CDT

In a report released today, Anthony Crowdell from Mizuho Securities maintained a Buy rating on Consolidated Edison, with a price target of $118.00.

End of Quarter Sale - 50% Off TipRanks

Crowdell covers the Utilities sector, focusing on stocks such as Eversource Energy, Consolidated Edison, and WEC Energy Group. According to TipRanks, Crowdell has an average return of 7.6% and a 72.52% success rate on recommended stocks.

Currently, the analyst consensus on Consolidated Edison is a Hold with an average price target of $111.38.

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Based on Consolidated Edison’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4 billion and a net profit of $297 million. In comparison, last year the company earned a revenue of $3.67 billion and had a net profit of $310 million

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