Fly News Breaks for February 5, 2020
Feb 5, 2020 | 06:40 EDT
Citi analyst Praful Mehta raised his price target for Edison International to $93 from $81 and reiterates a Buy rating on the shares. The analyst believes the wildfire risk in California will steadily reduce over the next five years given the significant investment and focused attention of the state, utilities, regulators and legislators. As this risk continues to come in control, Edison will continue to benefit though the transition to a "no-discount" utility, Mehta tells investors in a research note.
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