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 International (NYSE:EIX) but increased the price target from $52 to $53.
November 21, 2023 | 2:24 pm
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Morgan Stanley has reaffirmed its Underweight rating on Edison International but raised its price target from $52 to $53, indicating a slightly more positive outlook on the stock's value.
While the increase in price target suggests a slightly more optimistic valuation of Edison International, the Underweight rating implies that Morgan Stanley still believes the stock may underperform the broader market or sector. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the maintained Underweight rating and the increased price target.
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IMPORTANCE 60
RELEVANCE 100