Ladenburg Thalmann Downgrades Edison International (EIX) to Sell

Ladenburg Thalmann analyst Paul Fremont downgraded Edison International (NYSE: EIX) from Neutral to Sell with a price target of $63.00.

The analyst comments "We are downgrading Edison to Sell from Neutral based on the anticipated true up of Southern California Edison’s (SCE) earned returns versus authorized returns as part of the company’s upcoming 2029 general rate case (GRC) filing. AB 2666 adopted in 2024 requires the California Public Utilities Commission to adjust the authorized revenue requirement in subsequent GRC’s based on actual past costs. Our current forecasts assume consistent over-earnings by SCE referred to by the company as operational variances in its public disclosures."

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 $73.89 yesterday.

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