Morgan Stanley Reaffirms Their Sell Rating on Edison International (EIX)
In a report released today, David Arcaro from Morgan Stanley maintained a Sell rating on Edison International, with a price target of $61.00.
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According to TipRanks, Arcaro is a 5-star analyst with an average return of 13.1% and a 61.80% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and DTE Energy.
In addition to Morgan Stanley, Edison International also received a Sell from Wells Fargo’s Shahriar Pourreza in a report issued on January 20. However, on January 28, Jefferies maintained a Hold rating on Edison International (NYSE: EIX).
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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