BofA raised the firm’s price target on Edison International (EIX) to $70 from $69 and keeps a Buy rating on the shares to reflect new EPS estimates and the net present value of wildfire fund contributions. The firm, which notes that Edison is slated to refresh its 2025-2028 capital and rate base projections, long-term EPS growth through 2028, financing plan, and 2025 guidance range to reflect the final order received in its California rate case, expects the company to maintain the 5%-7% long-term EPS growth rate through 2028 on its Q3 call.
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