Argus Bumps Up Price Targets For Edison, Cintas

December 29, 2021 1:55 PM | 1 min read | Make a Comment

Argus analyst Gary Hovis raised Edison International's EIX price target to $73 (an upside of 7%) from $68 and maintained a Buy rating on the shares.
The analyst is optimistic about the company's forward earnings visibility, favorable regulatory environment, and improving financial strength.
Hovis notes that Edison is seeing increased revenue from the recovery of its investments in infrastructure projects and alternative energy facilities.
Argus Research analyst John Eade raised the price target for Cintas Corp CTAS to $490 (an upside of 10%) from $410 and maintained a Buy rating on the shares.
Price Action: EIX shares are trading higher by 0.12% at $68.28 and CTAS higher by 0.17% at $444.87 on the last check Wednesday.