Wells Fargo & Company upgrades
Edison International (NYSE:EIX) to Overweight, indicating their positive outlook on the company's future performance. However, Edison recently reported sub-par Q1 earnings and revenues leading to its stock under-performing the market. Despite this, investing firms, including
Mitsubishi UFJ Asset Management Co. Ltd., have increased their holdings in Edison. There are concerns due to
wildfire-related risks, but Wells Fargo sees the company as undervalued. Notably, the CEO of Edison,
J. Andrew Murphy, sold over $4.3 million in company stock. The
five-year investment returns are in the red for shareholders, but despite its underperformance compared to competitors, the stock has still seen daily gains.
Strategic SWOT insights have been made available recently, providing a deeper understanding of Edison's current stance in the market. Several trading institutions have been buying and selling significant amounts of Edison stock, which could indicate various strategic financial decisions that resonate with a Hold consensus recommendation by the brokerages
Edison International EIX News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Thu, 16 May 2024 17:58:46 GMT -
Rating 1
- Innovation -1
- Information 4
- Rumor -2
