Market Overview

UPDATE: Jefferies Downgrades Edison International to Underperform on Regulatory Delay Concerns

Share:
Related EIX
Credit Suisse Predicts Earnings Beats For These 5 Electric Power & Utility Stocks
Deutsche Bank Previews Utilities' Q4
OGE Energy Beats Q4 Earnings Estimates, Meets Revenues - Analyst Blog (Zacks)

Jefferies downgraded Edison International (NYSE: EIX) from Hold to Underperform and lowered the price target from $48.50 to $40.50.

Jefferies noted, "We are downgrading Edison International to Underperform based on concerns that the NRC will significantly delay the restart of San Onofre Unit 2 and may find SCE at fault in their investigation into the completeness and accuracy of information that SCE provided to the NRC regarding the SONGS steam generators. These new developments heighten the company's exposure to regulatory disallowances in the CPUC regulatory investigation."

Edison International closed at $47.64 on Wednesday.

Latest Ratings for EIX

DateFirmActionFromTo
Feb 2015JefferiesInitiates Coverage onBuy
Jan 2015BarclaysMaintainsOverweight
Jan 2015Evercore PartnersDowngradesBuyHold

View More Analyst Ratings for EIX
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (EIX)

Around the Web, We're Loving...

Get Benzinga's Newsletters