Morgan Stanley raised its price target on Edison International (EIX) to $68 from $61, maintaining an Underweight rating, citing the utility sector’s underperformance. This follows strong Q4 earnings where Edison International exceeded consensus estimates, reported a 2.3% residential rate decrease, and reaffirmed its long-term growth target. Another analyst, Shelby Tucker from TD Cowen, also increased their price target to $83 with a Buy rating.
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Morgan Stanley Raises its Price Target on Edison International (EIX) to $68 from $61
Morgan Stanley raised its price target on Edison International (EIX) to $68 from $61, maintaining an Underweight rating, citing the utility sector’s underperformance. This follows strong Q4 earnings where Edison International exceeded consensus estimates, reported a 2.3% residential rate decrease, and reaffirmed its long-term growth target. Another analyst, Shelby Tucker from TD Cowen, also increased their price target to $83 with a Buy rating.