ED Upgraded by Wells Fargo -- Price Target Raised to $118.00

gurufocus.com · 2026-10-01

Consolidated Edison Upgraded by Wells Fargo: What Investors Should Know On October 03, 2023, Wells Fargo upgraded Consolidated Edison (ED) from Equal-Weight

TickrTrends take: Wells Fargo's upgrade and price target increase for ED suggest analyst confidence in the company's fundamental prospects within the Utilities sector. Given TickrTrends' current assessment that ED is fairly valued, investors should monitor whether the stock moves toward the analyst's target price and whether that movement reflects genuine operational improvements or represents overvaluation relative to the broader market. The upgrade provides a useful data point for tracking whether the market consensus on ED's valuation may be shifting beyond its current equilibrium.

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