Truist Cuts PT on Edison International (EIX) – Here’s Why

Edison International (NYSE:EIX) is one of the top cheap growth stocks to get rich. Truist cut the price target on Edison International (NYSE:EIX) to $79 from $82 on May 18 and maintained a Hold rating on the shares. The rating update came as part of a broader research note with the firm updating its models in Power and Utilities ahead of the American Gas Association’s Financial Forum. It told investors in a research note that, standing in year three of the data center wave, sector investment continues to march higher and growth expectations alongside this, with vertically integrated electric utilities seen as clear winners in building the infrastructure to serve this load growth.

Edison International (NYSE:EIX) also received a rating update from Morgan Stanley on May 21. The firm cut the price target on the stock to $64 from $70 and maintained an Underweight rating on the shares, telling investors that it updated its price targets for Regulated & Diversified Utilities / IPPs in North America for April. The firm also noted that utilities underperformed the S&P’s return that month.

Edison International (NYSE:EIX) is a renewable energy company that operates through its subsidiaries. It is involved in the supply and distribution of electric power, as well as investments in energy services and technologies.

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