Evercore ISI raised the firm’s price target on Edison International to $88 from $82 and keeps an Outperform rating on the shares after hosting meetings with management. Evercore continues to feel constructive about the Edison International store, as the firm believes the company is set up well for a reasonable General Rate Case outcome that would provide a significant boost in earnings, the analyst tells investors in a research note. In addition, the firm thinks there is a possibility of a TKM settlement coming, which would represent upside to the plan and set a good precedent for the upcoming Woolsey filing.
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