Morgan Stanley raised the firm’s price target on Edison International (EIX) to $61 from $57 and keeps an Underweight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in December, the analyst tells investors.
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Read More on EIX:
- Edison International downgraded to Underweight from Equal Weight at Wells Fargo
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- Edison International price target lowered to $57 from $59 at Morgan Stanley