Consolidated Edison (NYSE:ED) was downgraded by Credit Suisse (NYSE:CS) to underperform from neutral with a price target of $60 due to risks regarding the company's upcoming rate increase, as well as the fact that the stock trades at a premium valuation.
Shares are about even in afternoon trading.
PNC Financial (NYSE:PNC) was upgraded by Deutsche Bank (NYSE:DB) to buy from hold with a $71 price target, as the company's valuation has been lagging that of its peers.
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