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Morgan Stanley Reaffirms Their Sell Rating on Consolidated Edison (ED)

Tipranks - Tipranks - Sat Feb 21, 7:48AM CST

In a report released today, David Arcaro from Morgan Stanley maintained a Sell rating on Consolidated Edison, with a price target of $102.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.0% and a 65.20% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E.

In addition to Morgan Stanley, Consolidated Edison also received a Sell from KeyBanc’s Sophie Karp in a report issued today. However, on the same day, TipRanks – xAI upgraded Consolidated Edison (NYSE: ED) to a Buy.

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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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