Mizuho raised the firm’s price target on Edison International to $85 from $75 and keeps a Buy rating on the shares. The Q1 earnings call cycle was challenging for the three California utilities but all three have large valuation gaps and supportive California regulation, the analyst tells investors in a research note. The firm increased price targets to reflect higher market multiples.
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Read More on EIX:
- Edison International upgraded to Overweight from Equal Weight at Wells Fargo
- Edison International price target raised to $75 from $72 at Barclays
- Edison International Enhances Transparency with Investor Engagement
- Edison International Engages Investors with Strategic Presentation
- Edison International backs FY24 core EPS view $4.75-$5.05, consensus $4.94
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