ConEd upgraded at Barclays, citing 15.8% total return potential

Consolidated Edison (ED +0.6%) is upgraded to Overweight from Equal Weight with a $62 price target at Barclays, which cites ED's above-average yield to the regulated utility group and 15.8% total return potential.

The firm's $62 price target is based on estimated 2015 EPS of $3.90 on a 15x regulated group multiple with a 6% large-cap premium that it sees as warranted in light of ConEd New York's rate base growth and long-term rate plan settlement that was approved last week by the state's public service commission.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs