Jefferies initiated coverage of Edison International (EIX) with a Buy rating and $93 price target Edison is now positioned to grow faster than average and exceed its long-term outlook, addressing investor questions about the outlook given interest rate exposure, the analyst tells investors in a research note. The firm says California has emerged as a supportive jurisdiction, and that it is now positive on the state’s all three utilities.
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Read More on EIX:
- Brush fire in Ventura County, CA destroys multiple homes, NBC L.A. reports
- Edison International downgraded to Sell from Neutral at Ladenburg (earlier)
- Edison International Focuses on Clean Energy Transition
- Edison International price target raised to $94 from $87 at Wells Fargo
- Edison International Shows Strong Q3 Earnings Growth
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