Edison International price target lowered to $78 from $95 at BofA

BofA analyst Ross Fowler lowered the firm’s price target on Edison International (EIX) to $78 from $95 and keeps a Buy rating on the shares. While the firm still does not know the level of financial exposure, or whether a utility started any of the fires, it thinks the perception of wildfire risk in California has increased so it lowered its applied 2026 P/E discount to California regulated earnings to 15% for Edison from 10% and lowered its FERC-regulated transmission earnings discount to 10% from a 10% premium to reflect potential wildfire ignition risk perception.