UBS Reduces PT On Edison International (EIX) Stock

Edison International (NYSE:EIX) is one of the Best Electric Utility Stocks to Buy According to Analysts. On September 10, UBS reduced the price objective on the company’s stock to $66 from $68, while keeping a “Buy” rating, as reported by The Fly. As per the firm, reports of work happening on investment securitization legislation, which may include a wildfire amendment consistent with concepts of Governor Newsom’s proposal, “California Lawmakers Reach Initial Agreement on Wildfire Fund,” will be a catalyst for Edison International (NYSE:EIX)’s stock.

UBS Reduces PT On Edison International (EIX) Stock

However, UBS revised its price objective lower to reflect the change in the utility group’s average multiple, as highlighted by the analyst. Elsewhere, Edison International (NYSE:EIX) reported Q2 2025 net income of $343 million as compared to net income of $439 million in Q2 2024. Southern California Edison’s Q2 2025 core EPS fell YoY, mainly because of the higher operations and maintenance expense and the net impact of regulatory decisions received in each period. Edison International (NYSE:EIX) also announced that the California Legislature approved Senate Bill (SB) 254.

Edison International (NYSE:EIX) is the ultimate parent holding company of Southern California Edison and Edison Energy, LLC, doing business as Trio.

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Disclosure: None. This article is originally published at Insider Monkey.