Consolidated Edison price target raised to $96 from $92 at Guggenheim

Guggenheim raised the firm’s price target on Consolidated Edison (ED) to $96 from $92 and keeps a Neutral rating on the shares after the company reported Q4 results that beat consensus. For 2025 and beyond, Consolidated Edison rolled forward long-term EPS growth to 6%-7% through 2029 supported by the new capex plan aligned with the CECONY rate case filing, the analyst noted.