Guggenheim raised the firm’s price target on Edison International to $81 from $75 and keeps a Buy rating on the shares following the company’s Q1 EPS beat and reiteration of its 2023 and long-term guidance. Prudency findings for legacy claims and incremental capex opportunities "are now squarely within our forecast period" and the firm includes a 50% discount for recovery value in its model, the analyst tells investors in a post-earnings note.
Published first on TheFly
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