Morgan Stanley has adjusted its price target for Consolidated Edison (ED, Financial), raising it from $91 to $94 while maintaining an Overweight rating on the stock. This update is part of the firm's broader revisions to price targets within the Regulated & Diversified Utilities and Independent Power Producers sectors in North America.
According to Morgan Stanley, utilities have shown resilience, outperforming the S&P 500 index in March. As we move into the first quarter, the period is characterized as a "quiet quarter" due to an absence of significant financial disclosures. Consequently, Morgan Stanley suggests that the primary focus will be on assessing tariff risks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Consolidated Edison Inc (ED, Financial) is $103.79 with a high estimate of $122.00 and a low estimate of $91.00. The average target implies an downside of 7.51% from the current price of $112.22. More detailed estimate data can be found on the Consolidated Edison Inc (ED) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Consolidated Edison Inc's (ED, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Consolidated Edison Inc (ED, Financial) in one year is $101.88, suggesting a downside of 9.21% from the current price of $112.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Consolidated Edison Inc (ED) Summary page.
