Edison International price target lowered to $60 from $61 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Edison International to $60 from $61 and keeps an Underweight rating on the shares as part of the firm’s December edition of its “Monthly Meter Reading” note on Regulated & Diversified Utilities. Electric multiples were up less than 1% and multiples for gas utilities were down 3% since the firm last refreshed its price targets, the analyst noted.