In a report released today, Praful Mehta from Citigroup upgraded Edison International (EIX) to Buy, with a price target of $59. The company’s shares closed on Friday at $54.45.
According to TipRanks.com, Mehta is a 4-star analyst with an average return of 9.5% and a 66.7% success rate. Mehta covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Vistra Energy Corp, and Eversource Energy.
Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $69.60, implying a 27.8% upside from current levels. In a report issued on November 6, RBC Capital also reiterated a Buy rating on the stock with a $72 price target.
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The company has a one-year high of $81.96 and a one-year low of $45.50. Currently, Edison International has an average volume of 2.73M.
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Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies.The company was founded on April 20, 1987 and is headquartered in Rosemead, CA.
