Guggenheim on Edison Int'l (EIX): 'Anyone Saying Sell-off Is Excessive Is Egregiously Over-Simplifying This'

(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.

You May Also Be Interested In

• Guggenheim Downgrades ServiceNow (NOW) to Neutral, 'Great Run, But Valuation and Fundamentals Cap Near-term Upside'
• Guggenheim Defending Live Nation Entertainment (LYV) Through DOJ Noise, 'Robust Outlook For 2024 and 2025 Intact'
• Oppenheimer Starts Oracle (ORCL) at Perform, 'Improving Fundamentals Offset by a Less Efficient Cash Model'