Guggenheim Upgrades Edison Intl to Buy, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza upgraded Edison Intl (NYSE:EIX) from Neutral to Buy and increased the price target from $66 to $84, indicating a positive outlook for the company's stock.
January 22, 2024 | 2:43 pm
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Edison Intl's stock rating was upgraded by Guggenheim from Neutral to Buy, with a price target increase from $66 to $84, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved company prospects or undervaluation. The significant increase in price target from $66 to $84 by a reputable analyst at Guggenheim is likely to instill investor confidence and could lead to a rise in Edison Intl's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100