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Fly News Breaks for January 15, 2019
EIX
Jan 15, 2019 | 07:27 EDT
BofA/Merrill analyst Julien Dumoulin-Smith downgraded Edison International (EIX) to Underperform and cut its price target to $61 from $64 citing the challenging operating environment in California following the PG&E (PCG) Chapter 11 filing. The analyst does not believe shares are "investable" until there is clear legislation that limits inverse condemnation and related liabilities.
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