Goldman Sachs raised the price target on Consolidated Edison, Inc. (NYSE: ED) from $65 to $83. Consolidated Edison shares rose 0.5% to trade at $95.24 on Thursday.
U.S. indices continued lower amid ongoing concerns over Russia-Ukraine tensions, with investors and governments weighing the possibility of a Russian invasion of Ukraine.
Pulled from Benzinga Pro data, Consolidated Edison (NYSE:ED) posted Q4 earnings of $186.00 million, an increase from Q3 of 60.34%. Sales dropped to $3.42 billion, a 5.48% decrease between quarters.
Over the past 3 months, 8 analysts have published their opinion on Consolidated Edison (NYSE:ED) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Companies Reporting Before The Bell
• Palantir Technologies (NYSE:PLTR) is estimated to report quarterly earnings at $0.04 per share on revenue of $417.69 million.
Keybanc cut the price target on The Sherwin-Williams Company (NYSE: SHW) from $394 to $335. Sherwin-Williams shares rose 1.6% to close at $287.70 on Friday.