Barclays analyst Nicholas Campanella lowered the firm’s price target on Edison International (EIX) to $67 from $76 and keeps an Overweight rating on the shares as part of a Q4 earnings preview. The firm sees an “active catalyst path ahead” for the shares into the Q4 print expected towards end of February. The $8B market cap loss relative to Barclays estimate of $4B wildfire liability is “still overdone,” the analyst tells investors in a research note.
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