Barclays Trims Edison International (EIX) Price Target Following Q1 Report

Edison International (NYSE:EIX) is included among the 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds.

Barclays Trims Edison International (EIX) Price Target Following Q1 Report

Edison International (NYSE:EIX) is one of the largest electric utility holding companies in America, focused on providing clean and reliable energy and energy services through its independent companies.

On April 29, Barclays slightly lowered its price target on Edison International (NYSE:EIX) from $78 to $77, but kept an ‘Overweight’ rating on the shares. The trimmed target, which still represents an upside of 10% from the current levels, comes after the utility beat earnings estimates in Q1 and reaffirmed all aspects of its financial plan.

Edison International (NYSE:EIX) reported its Q1 2026 results on April 28, with the company’s adjusted EPS of $1.42 exceeding expectations by $0.09. Core earnings increased by $0.05, primarily due to the adoption of the GRC decision last year. However, the utility’s revenue of $4.1 billion fell short of estimates by just over $23 million, despite a 7.6% YoY growth.

Edison International (NYSE:EIX) reaffirmed its 2026 core EPS guidance of $5.90-$6.20, in addition to expressing confidence in hitting its target of 5-7% core EPS growth from 2025-2030.

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