Barclays Raises Price Target for Consolidated Edison to $107, Maintains Underweight Rating.

Barclays analyst Nicholas Campanella maintains an Underweight rating on Consolidated Edison (ED) but raises the price target from $101 to $107, a 5.94% increase. This update contributes to ongoing analysis by various financial institutions, with a summary of recent ratings including upgrades and downgrades from Scotiabank, Mizuho, and Morgan Stanley.

Barclays analyst Nicholas Campanella has updated his analysis on Consolidated Edison (ED) and raised the price target from $101 to $107, a 5.94% increase. Despite this upward revision, Campanella has maintained an "Underweight" rating for the company. This update is part of the ongoing evaluation by various financial institutions, which have recently seen upgrades and downgrades from different analysts.

On August 13, 2025, Campanella's update comes after recent changes in analyst ratings. Scotiabank maintained a "Sector Perform" rating while raising the price target from $101 to $106, a 4.95% increase. Mizuho maintained an "Outperform" rating and raised the price target from $107 to $112, a 4.67% increase. Meanwhile, Keybanc maintained an "Underweight" rating and lowered the price target from $90 to $88, a decrease of 2.22%.

The average target price for ED, based on analyst estimates, is $106.04, representing a 2.19% upside from the current price. The consensus recommendation from 17 brokerage firms is "Hold," with a breakdown of 4 "Strong Buy" or "Buy," 8 "Hold," and 5 "Sell" or "Strong Sell" recommendations.

Consolidated Edison's recent financial performance has been robust, with adjusted earnings per share (EPS) of $0.67 for the quarter ended June 30, 2025, surpassing analyst expectations. The company's net income for the quarter was $246 million, up from $202 million in the same period last year. This strong performance has contributed to a 16.7% year-to-date increase in the company's shares.

The company's strategic focus on infrastructure investments to enhance grid resilience and reliability, particularly in the face of extreme weather conditions, has been highlighted. Consolidated Edison has secured approval for $440 million in projects advancing building and transportation electrification, demonstrating regulatory support and alignment with state clean energy goals.

The addition of Brendan Cavanagh, a seasoned executive with a strong financial background, to the Board of Directors starting October 1, 2025, is seen as a positive development. However, the most pressing challenges remain unchanged, including dividend coverage by free cash flow being thin and earnings growth trailing both the broader market and peers.

Barclays' upgrade to the price target and the "Underweight" rating are in line with the broader market sentiment towards Consolidated Edison Inc. The current average analyst rating on the shares is "Hold," with a breakdown of 4 "Strong Buy" or "Buy," 8 "Hold," and 5 "Sell" or "Strong Sell" recommendations. The median 12-month price target for the company is $104.00, about 1% below its last closing price of $105.00.

References:
[1] https://www.gurufocus.com/news/3060148/barclays-maintains-underweight-rating-on-consolidated-edison-ed-raises-price-target-ed-stock-news
[2] https://www.ainvest.com/news/scotiabank-raises-target-price-consolidated-edison-ed-2508/