Guggenheim on Edison Int'l (EIX): 'Anyone Saying Sell-off Is Excessive Is Egregiously Over-Simplifying This'
Get Alerts EIX Hot Sheet
Rating Summary:
17 Buy, 9 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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(Updated - December 5, 2017 1:44 PM EST)
(updated to add analyst comment)
Guggenheim maintains a Neutral rating on Edison International (NYSE: EIX) with a price target of $73 and weighs in on today's sell-off.
Analyst Shahriar Pourreza believes it is still too early to make a call on whether the sell-off is excessive. The analyst believes "only time will tell" if it is. Pourreza comments that's investor may need to wait and draws a comparison to the PG&E Corp. (NYSE: PCG) impact from prior wildfires that damaged the service territory in Northern California in early 2017. The analyst says inquires to management yielded a viewpoint that is is "too early to assess the situation/impact."
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 $80.26 yesterday.
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