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Edison International (EIX) Receives a Hold from J.P. Morgan

In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Edison International (EIXResearch Report), with a price target of $70.00. The company’s shares closed last Thursday at $60.76.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 5.2% and a 54.5% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Dcp Midstream Partners.

Currently, the analyst consensus on Edison International is a Hold with an average price target of $73.00, representing a 20.1% upside. In a report issued on July 18, Barclays also maintained a Hold rating on the stock with a $67.00 price target.

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Edison International’s market cap is currently $23.2B and has a P/E ratio of 39.66.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EIX in relation to earlier this year.

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Founded in 1886 and based in California, Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies.

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