Edison International Receives a Buy from RBC Capital

By Ryan Adsit

RBC Capital analyst Shelby Tucker reiterated a Buy rating on Edison International (NYSE: EIX) on March 9 and set a price target of $70. The company’s shares opened today at $63.81.

According to TipRanks.com, Tucker is a 4-star analyst with an average return of 5.4% and a 68.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Public Service Enterprise.

Currently, the analyst consensus on Edison International is Moderate Buy and the average price target is $67.63, representing a 6.0% upside.

In a report issued on February 23, Guggenheim also upgraded the stock to Buy with a $71 price target.

The company has a one-year high of $83.38 and a one-year low of $57.63. Currently, Edison International has an average volume of 3.7M.

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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.