Morgan Stanley raised the firm’s price target on Edison International (EIX) to $52 from $48 and keeps an Underweight rating on the shares. The firm is updating its price targets for North American Regulated and Diversified Utilities/IPPs, the analyst tells investors. In February, utilities outperformed the S&P’s -1.30% return, the firm says. Key takeaways from the firm’s annual Energy & Power Conference includes continued strong demand from data centers; regulatory uncertainty in power markets; renewables defense with safe harboring, equipment onshoring, and rising return levels; and new generation build challenges, the firm notes.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EIX:
- PG&E downgraded to Neutral from Buy at UBS
- PepsiCo to acquire poppi, Guess receives WHP offer: Morning Buzz
- SCE probing whether idle power line sparked Eaton fire, WSJ reports
- Edison says SCE starting next phase of investigation into Eaton fire origin
- Edison International price target lowered to $66 from $75 at Mizuho
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue