UBS analyst Gregg Orrill lowered the firm’s price target on Edison International (EIX) to $87 from $96 and keeps a Neutral rating on the shares. The risk for Edison is related to a negative general rate case decision in 1Q25 and to a lesser degree Woolsey wildfire recovery, and while Edison thinks they could do the 5%-7% EPS growth rate without Thomas and Koenigstein or Woolsley recovery, the firm does not think it is priced into the stock, the analyst tells investors in a research note.
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Read More on EIX:
- Edison International raises quarterly dividend by 6% to 82.75c per share
- Edison International price target lowered to $72 from $74 at Morgan Stanley
- JPMorgan, Five Below downgraded: Wall Street’s top analyst calls
- Edison International initiated with a Buy at Jefferies
- Brush fire in Ventura County, CA destroys multiple homes, NBC L.A. reports
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
