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Barclays Sticks to Their Sell Rating for Consolidated Edison (ED)

Tipranks - Tipranks - Wed Feb 25, 3:00AM CST

Barclays analyst Nicholas Campanella maintained a Sell rating on Consolidated Edison today and set a price target of $110.00.

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Campanella covers the Utilities sector, focusing on stocks such as Talen Energy Corp, Dominion Energy, and PG&E. According to TipRanks, Campanella has an average return of 11.4% and a 68.33% success rate on recommended stocks.

In addition to Barclays, Consolidated Edison also received a Sell from Morgan Stanley’s David Arcaro in a report issued on February 20. However, yesterday, Citi maintained a Buy rating on Consolidated Edison (NYSE: ED).

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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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