Morgan Stanley raised the firm’s price target on Edison International (EIX) to $66 from $60 and keeps an Underweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In September, utilities outperformed the S&P, the firm notes. Heading into Q3, the firm expects a key focus for utilities to be on the evolution of data center pipelines and is watching for commentary around interconnection times.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 raised to $59 from $57 at Jefferies
- Edison International price target raised to $70 from $69 at BofA
- Edison International price target raised to $69 from $65 at Barclays
- TD launches utilities sector with Vistra, PG&E top picks
- Edison International initiated with a Buy at TD Cowen