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.
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