Morgan Stanley has lowered its price target on Consolidated Edison (NYSE:ED) to $93 from $97, maintaining an Underweight rating. This update follows Consolidated Edison's announcement of selling its 6.6% stake in the Mountain Valley Pipeline for $357.5 million, with proceeds intended to cover equity needs and for general corporate purposes. The company is recognized for its stable cash flow and 51-year consecutive dividend increase streak, yet the article suggests that some AI stocks may offer higher returns.

<p>Morgan Stanley has lowered its price target for Consolidated Edison, Inc. (NYSE:ED) from $97 to $93 while maintaining an Underweight rating on the stock due to sector headwinds.</p>

Morgan Stanley Updates Consolidated Edison (ED) Price Target Amid Sector Headwinds