UBS Reiterates Buy Rating on Edison International (EIX)

UBS analyst Gregg Orrill reiterated a Buy rating and $65.00 price target on Edison International (NYSE: EIX).

The analyst commented, "EIX has made significant progress on its wildfire mitigation plan and filed the latest 2026-2028 update to the plan on Friday, May 16. The stock reflects a $2.5 bln to $3.0 bln liability exposure for the Eaton fire and an imprudency finding which has not been shown. The Eaton fire damage will result in a significant impact to the $21 bln wildfire fund but EIX' exposure is capped at $3.9 bln assuming prudent action. Legislation could emerge to address liability caps and/or other wildfire measures as the session progresses toward the September 12 end of session. Our view remains that EIX can rerate to a 30% discount P/E to the Utility group based upon our $6.10 2027 EPS forecast.
• Other Catalysts.  These include: TKM $1.6 bln securitization issuance in 4Q'25, rate case completion in 2Q'25 and potential Woolsey fire settlement following submission of intervenor testimony June 3 and motion for consideration of a settlement August 12."

For an analyst ratings summary and ratings history on Edison International click here. For more ratings news on Edison International click here.

Shares of Edison International closed at $58.00 yesterday.

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