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

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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
Oct 2017Bank of AmericaReinstatesBuy
Oct 2017CitigroupMaintainsNeutral
Sep 2017Morgan StanleyMaintainsEqual-Weight

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