Morgan Stanley Updates Utility Outlook, Lowers View on Edison International (EIX)

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Morgan Stanley has updated its utility outlook and lowered its price target for Edison International (EIX) to $70 from $71, reiterating an Underweight rating. This follows a period where utilities outperformed the S&P 500. Separately, Truist initiated coverage on EIX with a Hold rating and an $82 price target, highlighting the potential for vertically integrated electric utilities to benefit from infrastructure build-out driven by data center demand.

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