Edison International price target raised to $73 from $67 at Mizuho

Mizuho analyst Anthony Crowdell raised the firm’s price target on Edison International to $73 from $67 and keeps a Neutral rating on the shares following the company’s investor day. The day highlighted Edison’s progress in combating wildfires coupled with the rate base opportunity that should support 5%-7% annual earnings growth through 2025, the analyst tells investors in a research note. The firm cites current market multiples for the target raise.