What exactly did Bank of America change for Consolidated Edison on February 25, 2026?

Bank of America maintained an **Underperform** rating for Consolidated Edison, Inc. (ED) on February 25, 2026 and raised its price target to **$104**. This left the ED analyst rating unchanged while updating fair-value expectations.

How should investors interpret the ED analyst rating and the higher price target?

A maintained Underperform suggests ED may lag peers. The higher price target adjusts valuation assumptions. Investors should treat the ED analyst rating as a relative performance signal, not a dividend safety assessment.

Does the ED analyst rating affect dividend investors?

Not directly. Dividend investors focus on cash flow and payout ratios. The ED analyst rating signals relative stock performance but Consolidated Edison’s earnings support its dividend profile for now.

Where can I read the BofA note and recent Con Edison earnings release?

Read the BofA note via StreetInsider reporting the PT change to **$104** [source](https://www.streetinsider.com/Analyst+Comments/Consolidated+Edison+%28ED%29+PT+Raised+to+%24104+at+BofA+Securities/26058000.html). For 2025 earnings see the company release on Seeking Alpha [source](https://seekingalph

Analyst Ratings

ED Consolidated Edison, Inc. Feb 2026 Bank of America Maintains Underperform

ByHuzaifa Zahoor February 26, 2026February 26, 2026

On February 25, 2026 Bank of America Securities maintained Underperform on Consolidated Edison, Inc. (ED). BofA raised its price target to $104 while leaving the ED analyst rating unchanged. The move combines a higher valuation outlook with a cautious view on near-term stock returns. The action signals analyst confidence in earnings but concern on total return versus peers. We use this update to explain what the ED analyst rating means for income and value investors.