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Fly News Breaks for September 30, 2019
EIX
Sep 30, 2019 | 09:00 EDT
RBC Capital analyst Shelby Tucker raised his price target on Edison International to $79 and kept his Outperform rating after meeting with its CFO Maria Rigatti last week. The analyst expects the stock to "recover some valuation" that was lost from the uncertainty related to California wildfire crisis, adding that the path of the recovery will be determined by the actions of California Public Utilities Commission related to the cost of capital, future wildfire issues, or the proceedings of the "General Rate Cases".
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