Morgan Stanley Reiterates Underweight on Consolidated Edison After Lowering Price Target
On May 21, Morgan Stanley lowered its price target for Consolidated Edison (ED) to $99 from $105 and reiterated an underweight rating. The move is part of the firm's April update assessing North American utility stocks, which have underperformed relative to the S&P this month.
Topics: Consolidated Edison (ED) Morgan Stanley Price target cut Underweight rating