UPDATE: Morgan Stanley Upgrades Edison International to Overweight on Rate Case Outlook - Edison Intl (NYSE:EIX)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Morgan Stanley raised its rating on Edison International (NYSE: EIX) from Equal-weight to Overweight with a reiterated $52.50 price target. Morgan Stanley noted, "Following our recent meetings in California, we expect a supportive rate case outcome this November. We expect the company to earn its allowed ROE and grow rate base by ~10% per year, driving EPS growth of nearly the same amount. We also believe the outcome of the ROE proceeding will be balanced and expect premium ROEs to continue. We project ROE of 10.5% and an equity ratio of 48%, with a decision by year-end."Edison International closed at $46.60 on Wednesday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!