UBS Raises Edison International (EIX) Price Target to $70, Keeps Buy Rating

Edison International (NYSE:EIX) is included among the 15 Dividend Stocks Paying 4%+ Yield in 2025.

On December 2, UBS increased the firm’s price target on Edison International (NYSE:EIX) to $70 from $66 and maintained a Buy rating on the shares.

Edison International (NYSE:EIX), the parent company of Southern California Edison, reported third-quarter core EPS of $2.34, compared to $1.51 in the same period last year. In its earnings report, the company pointed to the approval of SB 254, describing it as a materially important step forward that would help IOU customers, reduce wildfire risks, and also strengthen the financial stability of the state’s investor-owned utilities. The bill sets up a continuation account of up to $18 billion to help cover wildfire liabilities.

Edison International (NYSE:EIX)’s revenue for the quarter was $5.75 billion, which grew by 10% on a YoY basis. Its operating income of $1.43 billion grew from $995 million in the prior year period. Looking ahead, the company reaffirmed 5% to 7% core EPS growth target through 2028.

Edison International (NYSE:EIX) is a California-based public utility company that focuses on providing clean and reliable energy and related services.

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Disclosure: None.