Goldman Sachs Initiates Coverage On Edison Intl with Neutral Rating, Announces Price Target of $78
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Carly Davenport initiates coverage on Edison Intl (NYSE:EIX) with a Neutral rating and a price target of $78.
April 10, 2024 | 9:59 am
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NEUTRAL IMPACT
Goldman Sachs initiated coverage on Edison Intl with a Neutral rating and set a price target of $78.
The initiation of coverage by a major financial institution like Goldman Sachs generally brings additional attention to a stock. However, the Neutral rating suggests that Goldman Sachs views Edison Intl's stock as fairly valued at its current price, implying no significant short-term price movement is expected. The price target of $78 provides a reference point for investors but does not suggest a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100