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UPDATE: Wunderlich Securities Raises PT on Edison International on 4Q Core Operating EPS Beat

Related EIX
Edison International Tops Q2 Earnings on Solid Utility Sales
Earnings Scheduled For July 31, 2014

In a report published Wednesday, Wunderlich Securities reiterated Edison International (NYSE: EIX) Buy rating and raised price target from $49 to $51.

Wunderlich securities reported that, “Edison International (EIX) reported 4Q core operating EPS of $1.79 versus $0.77 a year ago (our/consensus was $1.00/$1.04). Adjusting for non-recurring items and reflecting the retroactive rate case impact, 4Q EPS were closer to $1.47. For the full year 2012, core EPS of $3.58 benefited from the retroactive application of the 2012 rate case (GRC) and $0.21 of cost reductions.”

Edison International shares closed at $46.12 on Tuesday.

Latest Ratings for EIX

DateFirmActionFromTo
Sep 2014BarclaysMaintainsOverweight
Sep 2014BarclaysMaintainsOverweight
Aug 2014BMO CapitalUpgradesMarket PerformOutperform

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Posted-In: Wunderlich SecuritiesAnalyst Color Price Target Analyst Ratings

 

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