Edison International (EIX) was Downgraded to a Hold Rating at Wells Fargo

By Jason Carr

Edison International (EIXResearch Report) received a Hold rating from Wells Fargo analyst Neil Kalton today. The company’s shares closed on Friday at $58.08.

According to TipRanks.com, Kalton is ranked #1156 out of 5137 analysts.

Currently, the analyst consensus on Edison International is a Moderate Buy with an average price target of $62.81.

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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 $3.22 billion and had a GAAP net loss of $545 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.