Morgan Stanley Trims Edison International (EIX) Price Forecast After April Utility Review

On May 21, Morgan Stanley lowered its terms proposal connected Edison International (NYSE:EIX) to $64 from $70. It reiterated an Underweight standing connected the shares. The steadfast said it updated its terms targets for Regulated and Diversified Utilities and IPPs crossed North America for April. Morgan Stanley besides noted that utilities underperformed the S&P’s instrumentality during the month.

During the Q1 2026 net call, Pedro Pizarro said the institution reported first-quarter halfway net per stock of $1.42. He besides said Edison International is reaffirming its 2026 halfway EPS guidance and different fiscal targets, including its semipermanent nonsubjective of delivering 5% to 7% halfway EPS growth. Pizarro noted that planned carnal hardening enactment crossed the organisation strategy successful precocious fire-risk areas was astir 93% complete. He besides said Southern California Edison had extended much than 1,500 offers totaling implicit $500 cardinal to assemblage members affected by the Eaton fire.

In addition, Pizarro said the institution expects its projected attack to make astir $25 cardinal successful imaginable unbilled gross savings implicit a three- to six-month play erstwhile implemented.

Edison International (NYSE:EIX) is an electrical inferior holding institution focused connected providing cleanable and reliable vigor and energy-related services done its autarkic businesses. The institution is the genitor of Southern California Edison Company and Trio.

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