Jefferies Downgrades Edison International (EIX) to Underperform

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Jefferies downgraded Edison International (NYSE: EIX) from Hold to Underperform with a price target of $40.50 (from $48.50).

The firm comments, "We are downgrading Edison International to Underperform based on concerns that the NRC will significantly delay the restart of San Onofre Unit 2 and may find SCE at fault in their investigation into the completeness and accuracy of information that SCE provided to the NRC regarding the SONGS steam generators. These new developments heighten the company's exposure to regulatory disallowances in the CPUC regulatory investigation."

For an analyst ratings summary and ratings history on Edison International click here. For more ratings news on Edison International click here.

Shares of Edison International closed at $47.64 yesterday, with a 52 week range of $40.31-$48.31.

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