Consolidated Edison (ED) Declares $0.81 Quarterly Dividend; 3.4% Yield

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Go back to Consolidated Edison (ED) Declares $0.81 Quarterly Dividend; 3.4% Yield

Consolidated Edison (ED) raised to Buy at BofA as regulatory de-risk opens up re-rating opportunity

July 21, 2023 1:26 PM EDT

BofA upgraded shares of Consolidated Edison (NYSE: ED) to Buy from Neutral, lifting the price target from $92 to $103 in a note to clients on Friday.

Analyst Julien Dumoulin-Smith told investors that the regulatory de-risk opens up the opportunity for a further... More