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Fly News Breaks for July 16, 2019
ED
Jul 16, 2019 | 04:49 EDT
Consolidated Edison's equipment failed on Saturday, causing a power outage for 73,000 customers on the West Side of Manhattan, Mizuho analyst Anthony Crowdell tells investors in a research note. Con Edison is currently in the midst of an electric and gas rate proceeding in New York, and the "political overhang may last longer than the power outage," adds the analyst. He keeps a Neutral rating on the shares with a $91 price target.
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