Edison International (EIX) Gets a Buy Rating from Wells Fargo

By Austin Angelo

In a report released today, Neil Kalton from Wells Fargo maintained a Buy rating on Edison International (EIXResearch Report). The company’s shares closed on Friday at $56.18.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 5.1% and a 60.9% success rate. Kalton covers the Utilities sector, focusing on stocks such as NextEra Energy Inc, Pattern Energy, and DTE Energy.

Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $66.50.

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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 $4.27 billion and net profit of $513 million. In comparison, last year the company earned revenue of $3.67 billion and had a net profit of $470 million.

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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.