Bank of America Lifts ED Target Ahead of Q1, Maintains Bearish View

On April 24, Bank of America raised its terms proposal connected Consolidated Edison, Inc. (NYSE:ED) to $107 from $104. It reiterated an Underperform rating. Ahead of Q1 results, the steadfast projected adjusted EPS of $2.28, successful enactment with consensus. It expects enactment from humble maturation successful the gross base, on with the first-year interaction of the 2026–2028 electrical and state complaint program and continued strategy investment. The steadfast besides looks for absorption to reaffirm its 2026 adjusted EPS guidance and its five-year maturation framework.

On April 21, Morgan Stanley expert David Arcaro lowered the terms people connected ED to $105 from $106 and maintained an Overweight rating. The expert said the steadfast is updating terms targets crossed Regulated and Diversified Utilities and IPPs successful North America. In March, utilities outperformed the S&P 500.

Consolidated Edison, Inc. (NYSE:ED) is simply a holding company. Through its subsidiaries, including Consolidated Edison Company of New York, Orange and Rockland Utilities, and Con Edison Transmission, it provides a scope of energy-related products and services to customers.

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