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Bank of America Securities Reaffirms Their Buy Rating on Edison International (EIX)

Tipranks - Tipranks - Fri Feb 20, 4:53AM CST

Bank of America Securities analyst Ross Fowler reiterated a Buy rating on Edison International yesterday and set a price target of $80.00. The company’s shares closed yesterday at $69.70.

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Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Vistra Corp, and Black Hills. According to TipRanks, Fowler has an average return of 5.3% and a 63.03% success rate on recommended stocks.

Currently, the analyst consensus on Edison International is a Hold with an average price target of $66.13, representing a -5.12% downside. In a report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $82.00 price target.

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Based on Edison International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.75 billion and a net profit of $888 million. In comparison, last year the company earned a revenue of $5.2 billion and had a net profit of $577 million

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