Analyst Says It As A 'Buy' In The Electrification Era, Upgrades Edison's Stock
Portfolio Pulse from Lekha Gupta
Mizuho Securities analyst Anthony Crowdell has upgraded Edison International (NYSE:EIX) to 'Buy' from 'Neutral' with an increased price target of $75 from $73. The upgrade is based on the company's ability to deliver the EPS CAGR target of 5%-7% and the extension of the EPS growth rate projection through 2028. The analyst also raised EPS estimates for FY24 and FY25.
August 22, 2023 | 7:11 pm
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POSITIVE IMPACT
Edison International's stock has been upgraded to 'Buy' from 'Neutral' by Mizuho Securities analyst, with a raised price target of $75. This is likely to have a positive impact on the stock in the short term.
The upgrade by Mizuho Securities analyst is based on Edison International's ability to deliver the EPS CAGR target of 5%-7% and the extension of the EPS growth rate projection through 2028. The raised EPS estimates for FY24 and FY25 also contribute to the positive outlook. This is likely to boost investor confidence and have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100