Edison International target cut to $67 by Barclays, Overweight rating retained
Barclays cut its Edison International price target to $67 from $68 while maintaining an Overweight rating as part of a power and utilities sector reset ahead of Q4 earnings. Morgan Stanley separately raised its target to $61 from $57 but kept an Underweight rating.
1. Barclays price target adjustment
On January 22, Barclays trimmed its Edison International price target by $1 to $67 while reaffirming an Overweight rating. The adjustment was part of a broader review of power and utilities names ahead of fourth-quarter earnings releases.
2. Morgan Stanley’s outlook change
On January 21, Morgan Stanley lifted its target on Edison International from $57 to $61 but maintained an Underweight rating. The firm highlighted that utilities lagged the S&P 500 in December as it refreshed coverage of regulated and diversified utility stocks.
3. Sector reset context
Analysts across the power and utilities sector have been adjusting targets and ratings in advance of Q4 results, reflecting differing views on leverage, wildfire cost securitization and renewable investment strategies. These divergent forecasts may drive near-term stock volatility for regulated utility players like Edison International.