Morgan Stanley Raises Edison (EIX) Price Target Amid Deleveraging and Wildfire Cost Securitization

Group 1 - Edison International (NYSE:EIX) has one of the lowest forward PE ratios among stocks [1] - Morgan Stanley raised Edison International's price target to $61 from $57 while maintaining an Underweight rating [1] - UBS reaffirmed a Buy rating and a $70 price target for Edison International, highlighting the company's deleveraging initiatives [2] Group 2 - Edison International has filed for securitization of $1.951 billion related to Woolsey fire expenses to reduce debt [2] - The proceeds from the securitization will be used for debt reduction and investment purposes [2] - UBS expects the Phase 2 wildfire mitigation policy in California to benefit Edison International [3] Group 3 - Edison International specializes in generating power from various sources, including renewable energy, nuclear energy, and natural gas [3]