Market Overview

UPDATE: Jefferies Raises PT to $52.50 on Edison International; Edison Mission Group Impact Excluded

Share:
Related EIX
Utilities Stocks Tend to 'Sizzle' In the Summertime
Mid-Morning Market Update: Markets Open Higher; Bank Of The Ozarks Profit Tops Views

Jefferies reiterated its Buy rating on Edison International (NYSE: EIX) and raised its price target from $49 to $52.50.

Jefferies commented, "We are adjusting our estimates to exclude the contribution/losses of Edison Mission Group. We have long argued that Edison International should be valued based on the stand alone earnings of Edison's regulated utility, Southern California Edison Company less holding company expenses. We view EMG as having negative value based on non-recourse debt levels in excess of cash flows."

Edison International closed at $46.08 on Wednesday.

Latest Ratings for EIX

DateFirmActionFromTo
Jul 2016CitigroupMaintainsNeutral
May 2016JefferiesMaintainsHold
Apr 2016Argus ResearchMaintainsBuy

View More Analyst Ratings for EIX
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (EIX)

View Comments and Join the Discussion!