Consolidated Edison Inc (NYSE:ED) Receives Consensus Recommendation of "Reduce" from Brokerages

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Consolidated Edison Inc (NYSE:ED) has received a consensus “Reduce” recommendation from 15 brokerages, with an average 12-month price target of $108.80, below its current trading level of ~$115.50. Despite this, the company recently surpassed earnings and revenue estimates and raised its quarterly dividend, now offering a 3.1% yield. Insiders have recently sold shares, while institutional investors have adjusted their positions.

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