Edison International (EIX) Receives a Buy from Wells Fargo


Wells Fargo analyst Neil Kalton maintained a Buy rating on Edison International (EIX) yesterday. The company’s shares closed on Friday at $58.51.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 7.8% and a 72.6% success rate. Kalton covers the Utilities sector, focusing on stocks such as NextEra Energy Inc, Pattern Energy, and FirstEnergy.

Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $66.95.

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Edison International’s market cap is currently $19.06B and has a P/E ratio of 41.50. The company has a Price to Book ratio of 1.58.

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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.

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