Goldman Sachs Upgrades Edison International (EIX) to Buy
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Price: $73.69 +3.35%
Rating Summary:
14 Buy, 13 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 15 | New: 36
Rating Summary:
14 Buy, 13 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 15 | New: 36
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Goldman Sachs upgraded Edison International (NYSE: EIX) from Neutral to Buy with a price target of $39, suggesting 16% upside.
The firm cited the 1,000 bp of YTD relative under-performance. They said this is overdone due to: "(1) potential asset sale or debt restructuring opportunities to fund capital spending at EME and (2) financial separation between EIX and the EME subsidiary that likely protects the value of the company's high growth regulated business."
For more ratings news on Edison International click here and for the rating history of Edison International click here.
Shares of Edison International closed at $36.25 yesterday.
The firm cited the 1,000 bp of YTD relative under-performance. They said this is overdone due to: "(1) potential asset sale or debt restructuring opportunities to fund capital spending at EME and (2) financial separation between EIX and the EME subsidiary that likely protects the value of the company's high growth regulated business."
For more ratings news on Edison International click here and for the rating history of Edison International click here.
Shares of Edison International closed at $36.25 yesterday.
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