Analysts’ recommendations

Edison International (EIX) stock offers one of the highest potential upsides among the top utility stocks. Based on consensus estimates, Edison International has a mean target price of $71.5 compared to its current market price of $60.3, which implies an upside potential of 19% for the next 12 months. Mizuho Securities raised Edison International’s target price from $69.5 to $72.0 on May 2.

Analysts appear to be cautious on Edison International stock. Among the 16 analysts tracking Edison International, nine recommended a “hold,” five recommended a “buy,” and two recommended a “strong buy.”

Edison International: Analysts’ Recommendations

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Edison International stock is oversold

The recent fall in Edison International stock pushed it into the oversold zone. The company’s RSI (relative strength index) was 27 on May 1. Edison International is trading 4% below its 50-day and 200-day moving average levels. The levels close to $62.6–$63.0 could act as a resistance for the stock in the short term.

Sempra Energy (SRE) is scheduled to report its first-quarter results on May 7. So far, the stock has risen ~18% this year. Sempra Energy has beat broader utilities (XLU).

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