Consolidated Edison (ED) Tops Q4 EPS by 7c, Offers FY Guidance

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Go back to Consolidated Edison (ED) Tops Q4 EPS by 7c, Offers FY Guidance

UBS Reiterates Sell on Consolidated Edison (ED) Following 4Q Results

February 22, 2016 8:31 AM EST

UBS reiterated a Sell rating on Consolidated Edison (NYSE: ED), and raised the price target to $62.00 (from $59.00), following the company's 4Q earnings report. FY15 adjusted EPS of $4.08 was well above the initial $3.80-$4.00 guidance provided in Feb 2015, aided by $0.08 from the Solutions sub. as well as +$0.03 in EPS from Steam. However,... More