Edison International Upgraded to Buy at Mizuho Securities 
<p>Mizuho Securities upgraded <a href='https://financialmodelingprep.com/financial-summary/EIX'>Edison International (NYSE:EIX)</a> to Buy from Neutral and raised its price target on the stock to $75.00 from $73.00.</p>
<p>The analysts believe that investors are not fully appreciating Edison International's earnings potential, pointing out the company's delivery of its forecasted 5-7% EPS compound annual growth rate (CAGR).</p>
<p>Edison International's management extended its commitment to this growth rate until 2028, regardless of the company's efforts to recover costs related to the 2017/2018 wildfires. </p>
<p>The analysts adjusted their estimates upward and expressed confidence in the company's ability to meet its growth target, especially as the region pushes for electrification. The upgrade to Buy reflects the belief that investors are overlooking potential improvements in earnings and Price-to-Earnings (P/E) multiple. </p>

NYSE:EIX