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Fly News Breaks for June 25, 2015
EIX
Jun 25, 2015 | 08:20 EDT
SunTrust says that the 3% decline in Edison's stock yesterday was spurred by a consumer group's decision to oppose a settlement related to the permanent retirement of the nuclear plant SONGS. However, the firm thinks the decline in the stock was overdone, as it believes that the worst case scenario is that Edison will have to pay a higher fine. SunTrust keeps a $66 price target and Buy rating on the shares.
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