Morgan Stanley Raises Edison (EIX) Price Target Amid Deleveraging and Wildfire Cost Securitization

Meanwhile, UBS reaffirmed its Buy standing and $70 terms people for Edison International (NYSE:EIX) connected January 16, arsenic the institution continues its deleveraging initiatives. According to expert Gregg Orrill, Edison International (NYSE:EIX) has filed for securitization of $1.951 cardinal successful Woolsey occurrence expenses and further costs. The proceeds volition beryllium utilized to alteration indebtedness astatine Edison’s Southern California subsidiary, on with concern purposes.

UBS is besides expecting Phase 2 of wildfire mitigation argumentation successful California this twelvemonth to payment Edison International (NYSE:EIX) arsenic it strives to amended its fiscal situation.

Based successful California, Edison International (NYSE:EIX) is simply a nationalist inferior institution that specializes astatine generating powerfulness from a assortment of sources, including renewable energy, atomic energy, and earthy gas.

While we admit the imaginable of EIX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.