Morgan Stanley Maintains Underweight on Edison Intl, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an 'Underweight' rating on Edison Intl (NYSE:EIX) and raised the price target from $55 to $56.
July 21, 2023 | 2:18 pm
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Edison Intl's price target has been raised from $55 to $56 by Morgan Stanley, while maintaining an 'Underweight' rating.
While the price target increase for Edison Intl is a positive sign, the 'Underweight' rating maintained by Morgan Stanley suggests that the firm believes the stock may underperform the market. This could potentially limit the stock's short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100