Deutsche Bank Upgrades Consolidated Edison (ED) to Hold

October 24, 2016 7:10 AM EDT
Get Alerts ED Hot Sheet
Price: $69.60 -0.13%

Rating Summary:
    1 Buy, 10 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
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Deutsche Bank upgraded Consolidated Edison (NYSE: ED) from Sell to Hold with a price target of $74.

Analyst Jonathan Arnold said, "We upgrade ED to Hold from Sell, reflecting ED and the overall utility sector’s more reasonable valuation after a Q3 pullback. We see better relative upside in other regulated utilities, but no longer see a Sell rating as warranted given our $74 target."

For an analyst ratings summary and ratings history on Consolidated Edison click here. For more ratings news on Consolidated Edison click here.

Shares of Consolidated Edison closed at $73.17 yesterday.

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