Morgan Stanley raised the firm’s price target on Edison International (EIX) to $53 from $52 and keeps an Overweight rating on the shares. The firm is updating its price targets on Regulated & Diversified Utilities / IPPs in North America, the analyst tells investors. Utilities outperformed the S&P in March, the firm adds. Heading into Q1, the quarter represents a “quiet quarter” without meaningful financial updates, so key focus areas will likely be tariff risk, Morgan Stanley says.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EIX:
- Edison International price target lowered to $64 from $65 at Barclays
- Edison International price target raised to $52 from $48 at Morgan Stanley
- 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