JPMorgan Adjusts Consolidated Edison Price Target to $94 From $100, Maintains Underweight Rating
Published on February 2, 2025
SOURCE - MarketScreener
DATE - January 29, 2025 at 12:38 pm EST
Consolidated Edison, Inc. (NYSE: ED) has received a revised price target from JPMorgan. The global financial services firm has adjusted the price target for the company's stock to $94 from $100, while maintaining their underweight rating.
JPMorgan's revised price target reflects their updated analysis of Consolidated Edison, taking into consideration various factors that could impact the company's future performance. While the price target has been lowered, it is important to note that JPMorgan's underweight rating indicates that they believe the stock is expected to underperform its industry peers.
Consolidated Edison, Inc. is a Fortune 500 energy company that provides electricity, gas, and steam services to customers in the New York metropolitan area. The company has a long-standing history and has consistently provided reliable energy solutions to its customers.
Investors and potential investors should note that JPMorgan's revised price target is merely an assessment and should not be considered as a recommendation to buy or sell the company's stock. Making investment decisions based on analysts' assessments alone can be risky, as various external factors can contribute to the movement of a stock.
For a more comprehensive outlook on the future movement of Consolidated Edison's stock, it is recommended to consult professionals in the field such as Stocks Prognosis. They have the expertise and experience to provide accurate and reliable forecasts based on in-depth analysis of market trends and company performance.
Invest wisely and always seek guidance from professionals to make informed investment decisions.
DATE - January 29, 2025 at 12:38 pm EST
Consolidated Edison, Inc. (NYSE: ED) has received a revised price target from JPMorgan. The global financial services firm has adjusted the price target for the company's stock to $94 from $100, while maintaining their underweight rating.
JPMorgan's revised price target reflects their updated analysis of Consolidated Edison, taking into consideration various factors that could impact the company's future performance. While the price target has been lowered, it is important to note that JPMorgan's underweight rating indicates that they believe the stock is expected to underperform its industry peers.
Consolidated Edison, Inc. is a Fortune 500 energy company that provides electricity, gas, and steam services to customers in the New York metropolitan area. The company has a long-standing history and has consistently provided reliable energy solutions to its customers.
Investors and potential investors should note that JPMorgan's revised price target is merely an assessment and should not be considered as a recommendation to buy or sell the company's stock. Making investment decisions based on analysts' assessments alone can be risky, as various external factors can contribute to the movement of a stock.
For a more comprehensive outlook on the future movement of Consolidated Edison's stock, it is recommended to consult professionals in the field such as Stocks Prognosis. They have the expertise and experience to provide accurate and reliable forecasts based on in-depth analysis of market trends and company performance.
Invest wisely and always seek guidance from professionals to make informed investment decisions.
Investor opinions & comments
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LaylaFloyd
February 5, 2025 at 10:58
I'm optimistic about the future prospects of Consolidated Edison despite the revised price target
JohnSmith
February 5, 2025 at 08:52
Consolidated Edison has a strong reputation for providing reliable energy services
OwenSullivan
February 5, 2025 at 08:21
I'm skeptical about the underweight rating. Should I be worried about my investments in Consolidated Edison?
SavingsSarah
February 5, 2025 at 00:42
I trust JPMorgan's analysis and will take their revised price target into consideration
CashCharlie
February 4, 2025 at 21:08
I wonder what factors JPMorgan considered in their updated analysis
JuliaStanley
February 4, 2025 at 15:27
How will the revised price target impact investor sentiment towards the stock?
RobertWhite
February 4, 2025 at 14:26
Consolidated Edison's long-standing history and reputation give me confidence in its stock
MeganThompson
February 3, 2025 at 23:24
I will definitely consider consulting professionals like Stocks Prognosis before making any investment decisions
PennyPaul
February 3, 2025 at 18:47
I believe in the potential of Consolidated Edison and will continue to hold onto my investments
FinanceFinn
February 3, 2025 at 16:45
I appreciate JPMorgan's analysis and insights on the stock's future performance
SavannahGordon
February 3, 2025 at 15:55
I'm not sure if JPMorgan's revised price target accurately reflects the company's potential
CashKendra
February 3, 2025 at 00:16
I'm curious to know if the underweight rating means JPMorgan expects the stock to decline compared to its industry peers
LillianBell
February 2, 2025 at 05:09
I'm interested in seeing how the revised price target will affect Consolidated Edison's stock performance