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Stock impact report

JPMorgan Revises Edison International (EIX) Assumptions Heading Into Earnings [Yahoo! Finance]

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
Company Research Source: Yahoo! Finance
On January 28, JPMorgan analyst Aidan Kelly raised his price target on Edison International (NYSE:EIX) to $66 from $65 and kept a Neutral rating on the stock. The firm said the update reflects changes to its model ahead of the company's Q4 earnings report. Edison International operates mainly through Southern California Edison, one of the largest regulated electric utilities in the US. The business earns returns through CPUC-approved investments in its rate base rather than through changes in electricity usage. SCE carries an authorized return on equity of 10.33%, one of the highest levels in the industry. Long-term visibility comes from multi-year general rate cases that support spending on grid upgrades, wildfire mitigation, and clean energy infrastructure. Customer growth remains modest, but demand trends in California continue to support investment. A strong commercial economy, rising electrification, and increasing power needs are driving ongoing capital deployment. That bac Show less Read more
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