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Consolidated Edison (ED) Receives a Hold from Scotiabank

Tipranks - Tipranks - Sat Feb 21, 6:29AM CST

In a report released today, Andrew Weisel from Scotiabank maintained a Hold rating on Consolidated Edison, with a price target of $117.00.

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According to TipRanks, Weisel is a 4-star analyst with an average return of 8.4% and a 70.00% success rate. Weisel covers the Utilities sector, focusing on stocks such as Black Hills, NextEra Energy, and Vistra Corp.

In addition to Scotiabank, Consolidated Edison also received a Hold from TipRanks – OpenAI’s OpenAI Regulated Electric in a report issued today. However, on the same day, KeyBanc maintained a Sell rating on Consolidated Edison (NYSE: ED).

See today’s best-performing stocks on TipRanks >>

Based on Consolidated Edison’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.53 billion and a net profit of $688 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $588 million

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