The summary begins with the acquisition of new shares in Edison International (NYSE:EIX) by CreativeOne Wealth LLC. In Q2 2024, Edison International's earnings beat expectations with EPS of $1.14. The company also outperformed its competitors on strong trading days, hitting a new 52-week high at $77.59. Multiple firms increased their price targets for the company, including Wells Fargo ($87.00) and Guggenheim ($83.00). Further indicating investor confidence, O Shaughnessy Asset Management LLC and Intech Investment Management LLC increased their stakes in the company. Edison also announced a $200M stock repurchase plan and is identified as a top momentum and growth stock for the long-term. The company recently celebrated 12 Lineworker Scholarship recipients and announced dividends. However, some concerns were raised about the company's reduced fire risk and it was downgraded by UBS Group.
Edison International EIX News Analytics from Wed, 03 Jan 2024 14:32:12 GMT to Sun, 28 Jul 2024 19:21:51 GMT - Rating 3 - Innovation 2 - Information 8 - Rumor -3
