Morgan Stanley Lowers Price Target for Consolidated Edison to $93.00

Morgan Stanley maintains an 'Underweight' rating for Consolidated Edison (ED) with a lowered price target from $95.00 to $93.00, a 2.11% decrease. The firm's decision reflects a decrease in the company's earnings potential following the sale of its clean energy business to RWE in early 2023.

Morgan Stanley has maintained its 'Underweight' rating for Consolidated Edison (ED) but has lowered its price target from USD 95.00 to USD 93.00, a 2.11% decrease. The decision reflects a decline in the company's earnings potential following the sale of its clean energy business to RWE in early 2023 Consolidated Edison (ED): Morgan Stanley Lowers Price Target | ED Stock News^[1].

Analysts at Morgan Stanley, led by David Arcaro, have indicated that the recent changes in the market and the company's financial performance have led to this adjustment. The sale of the clean energy business has significantly impacted Con Ed's earnings, as the majority of its revenue previously came from this segment. The lowered price target reflects the analysts' expectation of a slower earnings growth rate for the company.

This update comes amidst a range of analyst ratings and price targets for Consolidated Edison. Over the past few months, various financial institutions have adjusted their ratings and price targets based on the company's performance and market conditions. For instance, B of A Securities downgraded ED from 'Buy' to 'Underperform' in August 2025, while Barclays maintained their 'Underweight' rating but raised their price target Consolidated Edison (ED): Morgan Stanley Lowers Price Target | ED Stock News^[1].

The consensus among Wall Street analysts is mixed, with an average target price of USD 104.21 and a brokerage recommendation status of 'Hold' Consolidated Edison (ED): Morgan Stanley Lowers Price Target | ED Stock News^[1]. Despite the lowered price target by Morgan Stanley, investors should consider the broader picture and the company's future prospects. The sale of the clean energy business, while impacting earnings, also allows Con Ed to focus on its core utilities operations.

In the broader context, the financial outlook for Consolidated Edison remains dynamic. The company continues to serve a critical role in providing essential services to customers in southeastern New York and parts of New Jersey. As the market evolves, investors should stay informed about the company's performance and any new developments that could influence its financial health.