Edison International (EIX) Downgraded to ‘Sell’

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Edison International (EIX) was downgraded from ‘Neutral’ to ‘Sell’ by Ladenburg analyst Paul Fremont, with a reduced price target indicating a 17% downside. The downgrade is primarily due to anticipated over-earnings from Southern California Edison, which will be adjusted in a future general rate case filing as mandated by California Assembly Bill 2666. Despite the downgrade, the article notes Edison International’s inclusion in lists of best utility stocks for dividends and undervalued utility stocks, though it suggests other AI stocks might offer higher returns.

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