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EIX

Edison International

$52.80

-1.21 (-2.24%)

06:13
11/21/18
11/21
06:13
11/21/18
06:13

Edison International upgraded to Buy from Neutral at Mizuho

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.

EIX Edison International
$52.80

-1.21 (-2.24%)

11/16/18
11/16/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst James Faucette saying he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. 2. Spark Therapeutics (ONCE) upgraded to Neutral from Underperform at Credit Suisse with analyst Martin Auster saying with uniQure's (QURE) update validating AMT-061, its second generation hemophilia B gene therapy construct incorporating the Padua variant, and Freeline's initial data disclosed in ASH abstracts, he sees a more competitive landscape in hemophilia B gene therapy, and lowered his market share assumptions for SPK-9001 to reflect this new dynamic. 3. Armstrong Flooring (AFI) upgraded to Buy from Hold at Gabelli with analsyt Alvaro Lacayo saying the sale of the wood business is a transformative deal and removes two underperforming segments that have been under increased pressure from private label competition. 4. DSW (DSW) upgraded to Neutral from Negative at Susquehanna. 5. PG&E (PCG) and Edison International (EIX) were upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/18
SBSH
11/16/18
UPGRADE
Target $59
SBSH
Buy
Citi upgrades Edison International to Buy following CPUC statement
Citi analyst Praful Mehta upgraded Edison International (EIX) to Buy from Neutral while lowering his price target for the shares to $59 from $72. In a statement yesterday, the California Public Utilities Commission indicated that it will apply a cap when evaluating wildfire-related expenses, including the 2018 fires, Mehta tells investors in a research note partially titled "CPUC Steps-Up Bigtime." The analyst does not think the CPUC would be "taking this aggressive step to support the utilities" without some support from the legislative side. Mehta also upgraded PG&E (PCG) to Buy from Neutral citing a similar rationale.
11/16/18
SBSH
11/16/18
UPGRADE
SBSH
Buy
Edison International upgraded to Buy from Neutral at Citi
11/16/18
ARGS
11/16/18
NO CHANGE
Target $36
ARGS
Buy
PG&E price target lowered to $36 from $54 at Argus
Argus analyst Jacob Kilstein lowered his price target on PG&E (PCG) to $36 after the latest report suggesting that the California wildfire may have been started by its faulty utility equipment. The analyst points to the company's stock price decline of 50% over the past week and 75% since mid-2017 on concerns that it may be responsible for over $30B in damages. Kilstein keeps his Buy rating on PG&E however and raises his FY19 EPS view to $4.13 from $3.94, noting that the $26B market cap decline is likely an "overreaction" that offers a "favorable buying opportunity". The analyst adds that his price target assumes a forward earnings multiple of 8.7-times, which is still below its closest peer with California exposure - Edison International's (EIX) 10.9-times.

TODAY'S FREE FLY STORIES

IFF

International Flavors

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QRVO

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ATI

Allegheny Technologies

$26.02

0.065 (0.25%)

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INAP

Internap

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DRI

Darden

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HYMTF

Hyundai Motor

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CVBF

CVB Financial

$21.12

-0.53 (-2.45%)

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CVB Financial raises quarterly dividend to 18c from 14c per share »

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KAMN

Kaman

$57.84

0.345 (0.60%)

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VALE

Vale

$13.49

-0.21 (-1.53%)

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EQH

AXA Equitable

$20.84

-0.565 (-2.64%)

19:12
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AXA Equitable 40M share Secondary priced at $20.50 »

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OTTW

Ottawa Bancorp

$13.56

-0.14 (-1.02%)

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JAZZ

Jazz Pharmaceuticals

$133.73

-1.74 (-1.28%)

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  • 20

    Mar

AYI

Acuity Brands

$123.00

-5.53 (-4.30%)

18:52
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03/20
18:52
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18:52
Upgrade
Acuity Brands rating change at Goldman Sachs »

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  • 03

    Apr

HYAC

Haymaker Acquisition

$11.79

(0.00%)

, OSW

OneSpaWorld

$0.00

(0.00%)

18:47
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Hot Stocks
OneSpaWorld says will start trading on Nasdaq March 21 »

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HYAC

Haymaker Acquisition

$11.79

(0.00%)

OSW

OneSpaWorld

$0.00

(0.00%)

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

, MU

Micron

$40.08

-0.3 (-0.74%)

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Fly Intel: After Hours Movers »

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MU

Micron

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Williams-Sonoma

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SIEN

Sientra

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EB

Eventbrite

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GES

Guess

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UNIT

Uniti Group

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CBMG

Cellular Biomedicine

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FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

03/08/13
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SAGE

Sage Therapeutics

$152.62

-3.46 (-2.22%)

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NVDA

Nvidia

$174.38

-1.39 (-0.79%)

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Recommendations
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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$56.17

-0.93 (-1.63%)

18:24
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Periodicals
CVS to start selling CBD products in partnership with Curaleaf, Bloomberg says »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$56.17

-0.93 (-1.63%)

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  • 25

    Mar

PETQ

PetIQ

$29.87

0.91 (3.14%)

18:23
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  • 20

    Mar

T

AT&T

$30.51

-0.19 (-0.62%)

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SGSOY

SGS SA

$0.00

(0.00%)

18:19
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Downgrade
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CLX

Clorox

$155.94

-0.93 (-0.59%)

, RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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CLX

Clorox

$155.94

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RBGLY

Reckitt Benckiser

$0.00

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  • 28

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BA

Boeing

$376.41

2.54 (0.68%)

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  • 20

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CE

Celanese

$101.04

0.08 (0.08%)

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  • 18

    Apr

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

17:58
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Syndicate
Frontdoor 16.73M share Secondary priced at $30.00 »

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  • 21

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