Morgan Stanley Maintains Underweight on Edison Intl, Raises Price Target to $53
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 $51 to $53.
September 21, 2023 | 12:49 pm
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Edison Intl's price target has been raised from $51 to $53 by Morgan Stanley, while maintaining an 'Underweight' rating.
While the increase in price target is a positive signal, the 'Underweight' rating indicates that Morgan Stanley believes the stock may underperform compared to other stocks in the market. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100