Will This Price Target Cut Hurt Consolidated Edison (ED) Stock On Thursday?

NEW YORK (TheStreet) -- Consolidated Edison Inc.'s (ED) price target was lowered to $54 from $55 by analysts at UBS (UBS) on Thursday based on the firm's belief the company's growth expectations have been challenged by slowing utility projects.

The firm kept its "neutral" rating on the company, which delivers electricity, natural gas, and steam to customers.

Shares of Consolidated Edison are down -0.34% to $55.03 at the start of trade on Thursday.

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Separately, TheStreet Ratings team rates CONSOLIDATED EDISON INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CONSOLIDATED EDISON INC (ED) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

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