Edison International price target raised to $82 from $78 at Argus

Argus raised the firm’s price target on Edison International to $82 from $78 and keeps a Buy rating on the shares. The firm cites the robust outlook at the company’s Southern California Edison electric utility and also believes that the sector should improve as interest rates decline. Edison International also benefits from a favorable regulatory environment, a solid balance sheet, and a large residential customer base in suburban Southern California, the analyst tells investors in a research note, further citing its position as a leader in renewable energy and the state’s high EV sales that should drive increased demand.