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

Edison International (NYSE:EIX) ranks among the stocks with the lowest forward PE ratios. On January 21, Morgan Stanley boosted Edison International (NYSE:EIX)’s price target to $61 from $57 while maintaining an Underweight rating on the company’s shares. The firm is revising its assessment of Regulated & Diversified Utilities / IPPs in North America, pointing out that utilities lagged the S&P 500 back in December. Meanwhile, UBS reaffirmed its Buy rating and $70 price target for Edison International (NY ...