Morgan Stanley analyst David Arcaro lowered the firm’s price target on Edison International (EIX) to $57 from $59 and keeps an Underweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North American under its coverage for November. While Edison International’s risk profile is improving, the firm believes its fire exposure remains elevated.
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Read More on EIX:
- Edison International price target lowered to $59 from $64 at Morgan Stanley
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- Edison International price target lowered to $64 from $66 at Morgan Stanley