UPDATE: Jefferies Raises PT to $44 on Edison International; SONG Safe to Operate

Jefferies maintained Edison International IEX with an Underperform rating and raised the price target from $40.00 to $44.00. Jefferies analyst Paul B. Fremont wrote, "According to SCE's operational assessment reports filed with the NRC, SONGS is safe to operate both at 70% and 100% power levels. However, the length of time during which it can operate within the parameters established by NEI and EPRI decreases by 1/3-1/2 to roughly 1 year at 100% power. The NRC has promised to make its decision on the proposed restart of the plant by April-May 2013." Edison International closed at $50.50 on Monday.