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Fly News Breaks for November 21, 2018
EIX
Nov 21, 2018 | 06:13 EDT
Mizuho analyst Paul Fremont upgraded Edison International to Buy while lowering his price target for the shares to $57.50 from $62. Following an analysis of the company's 2017-2018 wildfire/mudslide liabilities, the analyst estimates "more upside opportunity than downside opportunity" from current stock levels. His after-tax and after-insurance base case liability estimate is $3.3B for the 2017-2018 wildfires and mudslides.
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