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Fly News Breaks for March 11, 2019
ED
Mar 11, 2019 | 16:36 EDT
Mizuho analyst Anthony Crowdell started Consolidated Edison with a Neutral rating and $85 price target. The unregulated businesses still represent less than 5% of Consolidated Edison's earnings so its valuation is still driven by its regulated businesses, Crowdell tells investors in a research note. Despite being a small portion of the overall company, the analyst believes the unregulated businesses are an overhang on the stock "given the perceived risk."
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