JPMorgan Raises its Price Target on Edison International (EIX) to $74 from $66

Edison International (NYSE:EIX) is one of the 10 Most Profitable S&P 500 Stocks to Buy Now.

On March 18, 2026, JPMorgan analyst Aidan Kelly raised the price target on Edison International (NYSE:EIX) to $74 from $66 and maintained a Neutral rating after updating models across the North America utilities group.

Earlier in March, Ladenburg analyst Paul Fremont downgraded Edison International (NYSE:EIX) to Sell from Neutral and raised the price target to $63 from $59.50. The firm pointed to the “anticipated true up” of Southern California Edison’s earned versus authorized returns tied to the company’s 2029 rate case, noting that recent legislation requires regulators to adjust revenue requirements based on actual costs, which could pressure earnings if over-earning assumptions reverse.

Last month, Edison International (NYSE:EIX) reported Q4 EPS of $1.86, above the $1.45 consensus estimate, and FY25 revenue of $19.32B versus $18.45B expected. CEO Pedro Pizarro said the results reflect progress toward a “safer, more resilient, and more affordable energy system,” highlighting grid hardening efforts and wildfire mitigation measures, including over 7,000 miles of covered conductor installed. Pizarro also noted recent rate reductions for residential and small business customers as part of the company’s broader affordability efforts.

Edison International (NYSE:EIX) generates and distributes electricity across a large service territory in California.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None.  Follow Insider Monkey on Google News.