Morgan Stanley raised the firm’s price target on Edison International to $64 from $58 and keeps an Underweight rating on the shares. The firm is updating some of its price targets on Regulated & Diversified Utilities, noting utilities have outperformed the S&P’s -3.89% return by approximately 642 bps, the analyst tells investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EIX:
- Edison International price target raised to $85 from $75 at Mizuho
- Edison International upgraded to Overweight from Equal Weight at Wells Fargo
- Edison International price target raised to $75 from $72 at Barclays
- Edison International Enhances Transparency with Investor Engagement
- Edison International Engages Investors with Strategic Presentation