Today's most important upgrades

BofA upgraded Consolidated Edison (NYSE: ED) to Neutral from Underperform and raised its price target to $95.00 from $78.00 following substantial updates to the outlook this year stemming from (1) the sale of CEB announced earlier this year for $6.8 billion to German utility RWE AG, (2) assumed buyback of $1.8 billion, (3) delevering the holdco via repayment of approximately $1 billion of parent debt.

Jefferies upgraded Avadel Pharmaceuticals (NASDAQ: AVDL) to Buy from Hold with a price target of $11.00. Shares gained more than 15% intra-day today.

Baird upgraded Cooper Companies (NYSE: COO) to Outperform from Neutral and raised its price target to $370.00 from $345.00, seeing a path to improving sentiment and share price outperformance over coming quarters. Shares rose nearly 3% intra-day today.

By Davit Kirakosyan

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