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Edison Intl

Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

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Los Angeles Wildfires Claim 24 Lives, But Toxic Smoke Threatens Thousands More, Experts Warn

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Another wildfire caused by strong winds in Los Angeles County, threatening thousands of residents and businesses. Evacuations ordered and roads closed.

New Fire Breaks Out In Los Angeles County

Edison International (EIX) - 1.84% Of Portfolio

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Important price levels can retain their importance for a long time. The chart of Edison International (EIX) shows this.

Stock Of The Day: Time To Buy Edison International?

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Ladenburg Thalmann analyst Paul Fremont upgraded Edison to a Neutral rating and set a price target of $56.50 on Wednesday. With the stock down approximately 20% over the past month, Fremont believes the company&#39;s valuation is more in line with downside risks.

Edison International Shares Are Moving Higher Wednesday: What&#39;s Driving The Action?

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This KB Home Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday

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The Los Angeles area is bracing Tuesday for another stretch of &#34;extreme fire weather&#34;  as the National Weather service issued a &#34;Particularly Dangerous Situation&#34; red flag warning for Southern California.

LA Braces For More &#39;Extreme Fire Weather,&#39; Multiple Lawsuits Filed Against Edison Over Eaton Fire Damages

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Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal Reserve interest rate policy. 

Stocks Edge Down Ahead Of Key Inflation Reports, Crude Hits 5-Month High, Bitcoin Sinks: What&#39;s Driving Markets Monday?

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The National Weather Service again issued its most severe fire warning for Los Angeles county on Monday as fires continue to burn in the area.

Santa Ana Winds Return As LA Wildfire Damage Estimates Rise To At Least $250 Billion, Fire Officials Investigate Downed Power Lines

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Several large-cap stocks saw significant declines last week, possibly due to wildfires in California and overall market weakness.

Mobileye, Palantir Tech And Affirm Are Among Top Large Cap Losers Last Week (Jan 6-10): Are The Others In Your Portfolio?

Wildfires in Los Angeles caused by windstorm, with severe economic damage and multiple fatalities. Companies with operations in LA affected.

10 Dead, 9,000 Structures Damaged In Los Angeles Wildfires: The Latest

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A look at the stocks and ETFs to watch after the California wildfires and what could be next.

5 Dead, Nearly 180,000 Evacuated In Los Angeles Wildfires: California Utilities Face Scrutiny

Edison International

Barclays analyst Nicholas Campanella maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Overweight and lowers the price target from $76 to $67.

Barclays Maintains Overweight on Edison Intl, Lowers Price Target to $67

Strong winds have caused another wildfire in Los Angeles County following the devastation wrought by <a href="https://www.benzinga.com/news/25/01/43066552/celebrity-realtor-josh-altman-says-half-of-palisades-residents-wont-move-back-after-fire">fires in Pacific Palisades</a> and Altadena.
What Happened: The Hughes Fire broke out midday Wednesday during a period of high winds in the area. The fire is concentrated in Castaic, a city of around 19,000 <a href="https://www.census.gov/quickfacts/fact/table/castaiccdpcalifornia/PST045224">residents</a> near the northernmost boundary of Los Angeles County.
Calfire <a href="https://www.fire.ca.gov/incidents/2025/1/22/hughes-fire/updates/685154eb-f60a-4d8f-b8df-0d59dbf1899f">estimates</a> the fire to have burned over 5,000 acres as of 1:03 p.m. PST with none of the fire contained. The Palisades fire burned over 23,000 acres <a href="https://www.latimes.com/wildfires-map/">according</a> to the Los Angeles Times.
The fire&#8217;s epicenter is roughly 10 miles north of Santa Clarita, a city of <a href="https://www.census.gov/quickfacts/fact/table/santaclaritacitycalifornia/PST045223">over</a> 224,000 residents, <a href="https://www.google.com/maps/@34.4567708,-118.580079,12.51z/data=!5m1!1e8?hl=en-US&amp;entry=ttu&amp;g_ep=EgoyMDI1MDEyMC4wIKXMDSoASAFQAw%3D%3D">according</a> to Google Maps.
Evacuations were <a href="https://www.fire.ca.gov/incidents/2025/1/22/hughes-fire">ordered</a> near Castaic and other rural areas surrounding the fire. Authorities issued warnings for the nearby hamlets Castaic Junction, Sandberg and Three Points. There are thus far no warnings for Santa Clarita.
Several nearby roads were closed due to smoke emanating from the fire, CBS reported.
Two Stocks To Watch: Six Flags Entertainment Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) operates its Six Flags Magic Mountain Valencia location in the area. The park <a href="https://www.scvedc.org/top-employers">employs</a> 3,000.
Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) is the parent company of Southern California Edison, which serves the Los Angeles County area. Wildfires can damage power lines, and utilities often face lawsuits if equipment is suspected to have caused the fire. The company&#8217;s exposure to previous fires led to a large market selloff.
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Photo: Shutterstock

UBS analyst Daniel Ford maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Neutral and lowers the price target from $87 to $69.

UBS Maintains Neutral on Edison Intl, Lowers Price Target to $69

Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) shares are trading higher on Wednesday. Brokerage firm <a href="https://www.benzinga.com/analyst-ratings/upgrades/25/01/43010675/edison-international-shares-are-moving-higher-wednesday-whats-driving-the-action">Ladenburg Thalman upgraded the stock from Sell to Neutral</a>. They believe the recent sell-off is overdone.
The chart of Edison illustrates that even when there is significant news regarding a company, it is still important for traders and investors to understand technical analysis dynamics. This is why it is our Stock of the Day.
The sell-off was driven by concerns about the potential impact caused by the Los Angeles fires. Edison is an electric power generator and distributor that operates in Southern California. The company will lose revenue because it is no longer supplying energy to the destroyed areas.
There are also concerns over possible legal issues. A lawsuit has been filed alleging that faulty equipment owned by Edison started the fire.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15143839/1-6-1024x545.png" alt="" class="wp-image-735468" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15143839/1-6-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15143839/1-6-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15143839/1-6-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15143839/1-6.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Despite this news, as you can see on the chart technical analysis dynamics still come into play.
In financial markets, certain price levels are more important than others. These are called support and resistance levels.
&#8220;Markets have memories&#8221; is an old Wall Street expression. It means important price levels can retain their importance for a long time. It could be weeks, months or even years.
The $55 level has been support for Edison since October 2020. Each time the stock dropped to this price, the buyers flooded the market and put a floor under the stock.
This isn't a coincidence. There tends to be support at prices that were support previously.
Some investors and traders regret selling at a support level if the price rallies after. A number of these remorseful sellers decide that if they can, they will buy their shares back at the same price they were sold.
As a result, if and when the stock reverses and drops back to the support level they place buy orders. If there is a significant number of these orders, it will create support at the same price where there had been support before.
Markets do in fact, have memories. The chart of Edison International shows it. The $55 has been a support level for more than four years.
Read Next: • <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">Inflation Rises To 2.9% In December: Core Slows, Yet Rising Energy Costs Put Fed&#8217;s Target At Risk</a>
Photo: Shutterstock

Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) shares are trading higher Wednesday after Ladenburg Thalmann upgraded the stock from <a href="https://www.benzinga.com/analyst-stock-ratings">Sell to Neutral</a>.
What Happened: Ladenburg Thalmann analyst Paul Fremont upgraded Edison to a Neutral rating and set a price target of&nbsp;$56.50 on Wednesday. With the stock down approximately 20% over the past month, Fremont believes the company&#8217;s valuation is more in line with downside risks.
&#8220;With Edison trading at a 34% P/E discount we believe the stock reflects reasonable worst-case outcomes associated with the current California wildfires,&#8221; Fremont said in a new note to clients.
Uncertainty surrounding the wildfires in California have weighed on Edison shares in recent weeks. The company&#8217;s subsidiary Southern California Edison provides power to the areas surrounding Los Angeles.
Despite upgrading the stock, the Ladenburg Thalmann analyst lowered earnings estimates through 2027 to reflect the downside risk associated with reasonable worst-case outcomes. 
Negative outcomes for Edison include the potential for politicians to choose to use the California Wildfire Insurance Fund to cover claims, leaving utility companies vulnerable to another fire, as well as a potential determination that Southern California Edison equipment was involved in starting the fires. Fremont noted that a prudent determination could take up to 10 years. 
See Also: <a href="https://www.benzinga.com/25/01/42991108/california-wildfires-climate-change-impact-gavin-newsom-approval-asked-in-new-poll-young-voters-are-most-likely-to-believe">Gavin Newsom&#8217;s Crisis Management, Climate Change Impact On California Wildfires Covered In New Poll: What Americans Are Saying</a>
A lawsuit on behalf of property owners was reportedly filed against Southern California Edison alleging that witnesses saw flames below an Edison electrical line after a power interruption on Jan. 7.
Edison has filed an Electric Safety Incident Report&nbsp;indicating that it did not observe any interruption in power in its lines that would suggest its equipment was involved in starting the fires. Fremont doesn&#8217;t expect the final report to be available until the summer.
&#8220;Using a sum of the parts valuation approach we arrive at a price target of $56.50. Based on yesterday's closing price of $58.43 this represents a price depreciation potential of 3.3% and total return potential of 2.4% including a current dividend yield of 5.7%,&#8221; the Ladenburg Thalmann analyst said. 
EIX Price Action: <a href="http://benzinga.com/quote/eix">Edison International shares</a> were up 5.47% at $61.62 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Edison International Shares Are Moving Higher Wednesday: What's Driving The Action?

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Edison International shares are trading higher after Ladenburg Thalmann upgraded the stock from Sell to Neutral.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>CIBC analyst Hamir Patel upgraded the rating for Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) from Neutral to Outperformer and announced a $35 price target. Weyerhaeuser shares closed at $28.96 on Tuesday. <a href="https://www.benzinga.com/quote/WY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Ladenburg Thalmann analyst Paul Fremont upgraded Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) from Sell to Neutral and announced a $56.5 price target. Edison Intl shares closed at $58.43 on Tuesday. <a href="https://www.benzinga.com/quote/EIX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Matthew Niknam upgraded the rating for Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) from Hold to Buy and raised the price target from $185 to $194. Digital Realty Trust shares closed at $173.89 on Tuesday. <a href="https://www.benzinga.com/quote/DLR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst Kenneth Zener upgraded the rating for KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) from Sell to Neutral. KB Home shares closed at $67.17 on Tuesday. <a href="https://www.benzinga.com/quote/KBH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Ronald Kamdem upgraded CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) from Equal-Weight to Overweight and raised the price target from $115 to $160. CBRE Group shares closed at $124.91 on Tuesday. <a href="https://www.benzinga.com/quote/CBRE/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying KBH stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="567" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15090625/image-98-1024x567.png" alt="" class="wp-image-734794" style="width:599px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15090625/image-98-1024x567.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15090625/image-98-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15090625/image-98-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15090625/image-98.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Ladenburg Thalmann analyst Paul Fremont upgrades Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) from Sell to Neutral and announces $56.5 price target.

Ladenburg Thalmann Upgrades Edison Intl to Neutral, Announces $56.5 Price Target

The Los Angeles area is bracing Tuesday for another stretch of "extreme fire weather&#8221;: the National Weather service issued a &#8220;Particularly Dangerous Situation" red flag warning for<a href="https://www.benzinga.com/general/sports/25/01/42963718/beyonce-pledges-25-million-to-help-california-wildfire-relief-efforts-nfl-donates-5-million-moves-mondays-playoff-game-to-arizona"> Southern California. </a> 
The Details: Firefighters are again facing high winds of 40 to 70 miles per hour as they fight to contain the wildfires that have caused at least 25 deaths and burned more than 60 square miles in the Los Angeles area.&nbsp;
The Los Angeles Fire Department reports the Eaton Fire is now at 35% containment and the Palisades Fire is now at 17% containment as of Tuesday morning.&nbsp;
"Severe fire weather conditions will continue through tomorrow," Los Angeles County Fire Chief Anthony C. Marrone said.
"The worst winds are predicted today for the late afternoon and into Wednesday," Marrone added.&nbsp;
Approximately 88,000 Los Angeles County residents are under evacuation orders and more than 84,000 residents are under evacuation warnings, county Sheriff Robert Luna said Tuesday during a news conference, as reported by CNN.
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Edison Faces Lawsuits: At least five lawsuits were filed against Southern California Edison, a subsidiary of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), on Monday, according to an ABC News <a href="https://abc7.com/post/california-wildfires-2-lawsuits-filed-southern-edison-eaton-fire-pasadena-altadena/15796131/">report</a>.&nbsp;
The lawsuits allege Edison failed to de-energize its electrical equipment that potentially ignited the Eaton fire despite red flag warnings issued by the National Weather Service.
California fire agencies also confirmed on Monday they are investigating Southern California Edison over the possibility that downed utility equipment contributed to the Hurst fire, according to<a href="https://www.latimes.com/california/story/2025-01-12/officials-investigating-whether-southern-california-edison-equipment-ignited-hurst-fire"> a report</a> from the Los Angeles Times. 
The company said<a href="https://www.benzinga.com/pressreleases/25/01/b42935494/edison-international-provides-latest-update-on-southern-california-wildfires-and-sce-power-outages"> in a statement</a> on Sunday that it filed two Electric Safety Incident Reports, one related to the Eaton fire and one related to the Hurst fire.&nbsp;
SCE said a downed power line was discovered at a time and location near the Hurst fire ignition, but it does not yet know whether the damage occurred before or after the start of the fire.&nbsp;
&#8220;We&#8217;ve seen in your reporting the videos, we&#8217;ve seen the photos, so we know that there was fire there. We don&#8217;t know what caused it,&#8221; Edison CEO Pedro Pizarro <a href="https://abc7.com/post/california-wildfires-2-lawsuits-filed-southern-edison-eaton-fire-pasadena-altadena/15796131/">told ABC7 </a>on Monday.
&#8220;Again, there was the obvious signature that we would see normally, but we have not been able to get up close to those lines because firefighters have determined that it hasn&#8217;t been safe to do that yet. Whatever we find, we&#8217;ll be transparent with our public,&#8221; Pizarro added.
In 2021, SCE agreed to pay $550 million in fines and penalties related to fires that year which burned more than 380,000 acres and destroyed thousands of homes.
Edison International stock has fallen nearly 28% since the fires began last week. Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), another California utility, has seen its stock fall nearly 20% in the past week.  
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Image: Shutterstock.

LA Braces For More 'Extreme Fire Weather,' Multiple Lawsuits Filed Against Edison Over Eaton Fire Damages

Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42953940/tuesdays-producer-inflation-report-could-stoke-market-volatility-as-fed-path-remains-unclear">Reserve interest rate policy. </a>
Additionally, the kickoff of earnings season, led by major banks on Wednesday, added to <a href="https://www.benzinga.com/markets">the market&#8217;s subdued tone.</a>
The S&amp;P 500 and Nasdaq 100 edged lower, continuing Friday&#8217;s downturn sparked by unexpectedly strong jobs data. The lack of &#8220;buy-the-dip&#8221; enthusiasm in the tech-heavy indices signaled lingering uncertainty among investors.
In contrast, the Dow Jones Industrial Average eked out a gain, buoyed by a rally in energy stocks. Rising oil prices provided a key lift, as West Texas Intermediate (WTI) crude oil surged over 3% to approach $78 per barrel — a level last seen in mid-August 2024. The spike followed U.S. sanctions on Russian crude exports announced on Friday, which shifted market expectations around supply and demand.
Treasury yields extended their ascent, with the 10-year yield climbing to 4.79% and the 30-year yield rising to 4.97%, reflecting heightened expectations for tighter monetary policy. Bank of America Securities launched a bombshell indicating rising risks towards a rate hike as the next Fed move.
Commodity markets saw mixed action. Gold endured its sharpest daily loss in nearly a month, falling more than 1% as rising yields weighed on the precious metal. Meanwhile, copper staged a modest rebound, gaining 0.8% after a 0.5% decline last Friday.
Cryptocurrencies faced renewed volatility, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunging 3% to dip below $92,000, briefly touching a two-month low. The ripple effects extended to crypto-linked equities: MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) slid more than 3%, while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) dropped nearly 4%.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day chg. %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,144.04</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,822.92</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,183.39</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,739.92</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% lower to $579.98.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $422.03.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.6% to $504.44.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 0.3% to $216.19.</li>
<li>The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.3%; the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Major oil &amp; gas giants rallying on Monday include Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 5%, Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) up 3.9%, and Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) up 3.5%.</li>
<li>Health insurance companies surged after a government proposal suggested increased payments for Medicare Advantage plans in 2026, lifting sentiment across the sector.</li>
<li>Shares of Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) rose 7.8%, CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) followed closely with a 6.9% jump, while UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) saw a 4.8% increase.+</li>
<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped 2.7% to $132.19 as the AI chipmaker urged President-elect Donald Trump to oppose Biden administration regulations on AI technology. Meanwhile, HSBC cut its price target from $195 to $185 but reaffirmed its Buy rating.</li>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) plummeted 20% after projecting 2025 revenue of $1.5 billion to $2.5 billion, missing analysts&#8217; estimates of $2.92 billion. The company also announced it would fast-track its cost-cutting measures.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) fell 12% as authorities investigated whether equipment from its subsidiary, Southern California Edison, played a role in sparking the Hurst fire in Los Angeles.</li>
</ul>
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Photo: Ryan DeBerardinis via Shutterstock

Stocks Edge Down Ahead Of Key Inflation Reports, Crude Hits 5-Month High, Bitcoin Sinks: What's Driving Markets Monday?

The National Weather Service issued another severe fire warning for Los Angeles County on Monday as fires continue to burn in the area. The death toll from the fires rose to 24 and more than 12,000 structures have been damaged or destroyed since the<a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis"> fires began last week. </a>
The Details: AccuWeather on Monday raised its estimate of the total damage and economic loss from the wildfires to between $250 billion and $275 billion.&nbsp;&nbsp;
California Gov. Gavin Newsom said the wildfires could be the worst natural disaster in U.S. history.&nbsp;
"I think it will be in terms of just the costs associated with it, in terms of the scale and the scope," Newsom <a href="https://www.cnn.com/weather/live-news/los-angeles-wildfires-palisades-eaton-california-01-13-25-hnk/index.html">told</a> CNN.&nbsp;
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For context, the latest damage estimate of between $250 billion and $275 billion exceeds the damage and economic loss numbers for the entire 2020 wildfire season and is far higher than the estimated damage caused by the Maui wildfires in 2023 of $13 billion to $16 billion.&nbsp;&nbsp;
"This is already one of the worst wildfires in California history. Should a large number of additional structures be burned in the coming days, it may become the worst wildfire in modern California history based on the number of structures burned and economic loss," AccuWeather Chief Meteorologist Jonathan Porter said.
AccuWeather forecasted another round of potentially devastating Santa Ana winds for the Los Angeles area starting Monday and lasting through early Wednesday. 
"Winds of the magnitude forecast can make firefighting efforts extremely challenging and cause ongoing blazes to spread hastily," an AccuWeather forecast <a href="https://www.accuweather.com/en/weather-forecasts/intense-santa-ana-winds-to-resume-early-this-week-around-los-angeles/1732922">stated</a>.&nbsp;
What Else: California fire agencies are investigating Southern California Edison, a subsidiary of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), on the possibility that downed utility equipment contributed to the Hurst fire, according to<a href="https://www.latimes.com/california/story/2025-01-12/officials-investigating-whether-southern-california-edison-equipment-ignited-hurst-fire"> a report</a> from the Los Angeles Times. 
Southern California Edison said<a href="https://www.benzinga.com/pressreleases/25/01/b42935494/edison-international-provides-latest-update-on-southern-california-wildfires-and-sce-power-outages"> in a statement</a> on Sunday that it filed two Electric Safety Incident Reports, one related to the Eaton fire and one related to the Hurst fire "once SCE learned fire agencies are investigating whether SCE equipment was involved in the ignition."&nbsp;
SCE said a downed power line was discovered at a time and location near the ignition, but it does not yet know whether the damage occurred before or after the start of the fire.&nbsp;
In 2021, the company agreed to pay $550 million in fines and penalties related to fires that year which burned more than 380,000 acres and destroyed thousands of homes.
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Photo: Shutterstock

Shares of California utility companies are trading lower amid wildfires in California.

These nine large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares declined 21.83% amid overall market weakness due to a rise in yields.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) stock fell 18.76%, probably due to wildfires in California.</li>
<li>Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) stock dipped 18.31% after the company reported worse-than-expected results and cut its FY25 adjusted EPS<a href="https://www.benzinga.com//node/42913319" target="_blank" rel="noreferrer noopener"> guidance and sales growth outlook</a>.</li>
<li>Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock declined 14.19%, probably due to wildfires in California.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) stock declined 12.59% after Truist Securities downgraded the stock from Buy to Hold and lowered <a href="https://www.benzinga.com/quote/on/analyst-ratings" target="_blank" rel="noreferrer noopener">its price forecast from $85 to $60</a>.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock fell 11.52% amid overall market weakness, driven by a rise in yields.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares decreased 10.66%, probably due to overall market weakness following recent economic data and a rise in yields.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares decreased 10.55%, probably due to overall market weakness.</li>
<li>The Campbell&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) stock lost 10.22% last week. Wells Fargo lowered the <a href="https://www.benzinga.com/quote/cpb/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock from $45 to $43 but maintained an equal-weight rating.</li>
</ol>
Photo via Affirm
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At least 10 people have been killed in the Los Angeles fires this week, with over 9,000 structures destroyed, according to the latest estimates <a href="https://www.latimes.com/california/live/pacific-palisades-fire-updates-los-angeles">cited</a> by the L.A. Times.
What Happened: Several wildfires broke out on Tuesday and Wednesday in Los Angeles following <a href="https://www.benzinga.com/25/01/42855962/los-angeles-ventura-counties-brace-for-windstorm-as-bad-as-it-gets-for-fire-weather">a strong windstorm</a>. While officials are slowly containing the blaze, the economic damage amounts to <a href="https://www.benzinga.com/news/25/01/42922091/spacex-apple-airbnb-and-more-companies-pitch-in-to-support-california-residents-after-wildfires-we-want-to-help">the most devastating</a> in the city&#8217;s history.
The windstorm created a severe fire risk and several fires are still burning on Friday, the Los Angeles Times <a href="https://www.latimes.com/wildfires-map/?fire=palisades">reported</a>.
The blaze that began in Pacific Palisades burned over 20,000 acres of land. As of Friday, it is 8% contained.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every kid in the US learns of the Great Chicago Fire (2,112 acres) in school and how modern building codes &amp; fire depts have made this impossible, yet both the 2023 Lahaina &amp; the current Palisades Fire crossed 17,000 acres &#8211; 8x the size! I marked up a map of Chicago to compare. <a href="https://t.co/jXiRWUosCE">pic.twitter.com/jXiRWUosCE</a>
&mdash; Shaun Cooley (@shauncooley) <a href="https://twitter.com/shauncooley/status/1877410391443255485?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">The fire is nearly 10 times larger than the Great Chicago Fire of 1871. Analysts project the total economic damage to range from $50 billion to $150 billion, <a href="https://www.washingtonpost.com/business/2025/01/09/los-angeles-wildfire-economic-losses/">according </a>to the Washington Post.</figcaption></figure>
The Eaton Fire in Altadena and the San Gabriel Valley has burned over 13,000 acres and is merely 3% contained. Other fires are burning north of Calabasas and near Santa Clarita.
Over 200,000 Californians were without power on Friday, <a href="https://poweroutage.us/">according </a>to Power Outage.
Experts <a href="https://www.bbc.com/news/articles/c0ewe4p9128o">attribute </a>the increase in wildfires in recent years to the effects of climate change.
Why it Matters: Several companies with operations in Los Angeles are exposed to the fires.
Shares of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), the region&#8217;s utility provider, have tumbled more than 18% since Monday. Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), another utility provider, saw its shares sink more than 10%.
Insurance providers Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) saw their share prices deep in the red on Friday. Shares of Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) fell over 20%.
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Image: Shutterstock

California utility companies could come under pressure from regulators and investors after devastating Los Angeles wildfires have left at five people dead and almost 180,000 evacuated from their homes due to <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">multiple wildfires</a>. 
Here's the latest.
What Happened: Areas near Los Angeles, California have <a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed">been hardest hit</a> by one of the most destructive wildfire events in the state.
At least five people are dead, found in buildings in Altadena, where the Eaton Fire exploded Tuesday night, as <a href="https://www.latimes.com/california/story/2025-01-08/fire-weather-fierce-winds-los-angeles">reported </a>by the LA Times.
179,783 people are under evacuation orders as of Thursday, according to Los Angeles Sheriff Robert Luna, <a href="https://www.nbcnews.com/weather/wildfires/live-blog/california-wildfires-live-updates-deadly-blazes-spread-hollywood-hills-rcna186927">NBC News </a>reported. Another 200,000 face evacuation warnings. 
Over 2,000 buildings have been burned. Multiple fires continue blazing Thursday and have not been contained.
&#8220;What we saw here in the last 24 hours is unprecedented," LAPD Chief Jim McDonnell said Wednesday. "I've never seen anything like this."
Limited resources including a lack of firefighters, firetrucks and water in fire hydrants have been reported in several regions.
California Gov. Gavin Newsom has called on the National Guard for its assistance in helping with evacuation orders and to assist with the devastating fires.
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Utility Stocks in Focus: Utility companies including Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) and San Diego Gas &amp; Electric, which is owned by Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), began cutting power to customers to reduce fire risk ahead of elevated winds during the week, as reported by The New York Times.
Edison plans to continue utility shutoffs for customers through Friday after already cutting power to over 150,000 customers.
Restoration of power for customers will depend on future weather, the containment of fires and inspections of power lines.
"Our top concern right now is the safety of our customers, crew members and emergency personnel," Edison spokesman David Eisenhauer said.
Edison <a href="https://www.businesswire.com/news/home/20250108156871/en/Edison-International-Provides-Update-on-Southern-California-Wildfires-and-SCE-Power-Outages">said </a>the fires, which it called an "extreme weather event," are an evolving situation it is monitoring.
"Safety remains our number one priority for customers, employees and our communities," the company said.
Public safety power shutoffs have been conducted by SDG&amp;E due to the dry conditions and Santa Ana winds, the company <a href="https://www.sdgetoday.com/news/sdge-responds-extreme-weather-continued-public-safety-power-shutoffs-0">said </a>Wednesday. The proactive measure is being done to protect public safety and help reduce wildfire risk.
A statement from Pacific Gas &amp; Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) <a href="https://www.pge.com/en/newsroom/currents/safety/southern-california-wildfires--pg-e-crews--helicopters-and-wildf.html">said </a>the company has sent helicopters and wildlife resources to the region to help with the fires, including two Blackhawk helicopters.
PG&amp;E said it is monitoring conditions in its serviced areas including Kern, Santa Barbara and San Luis Obispo counties.
Edison stock was <a href="https://www.benzinga.com/news/25/01/42894683/los-angeles-wildfires-stoke-investor-fears-edison-internationals-stock-ended-10-lower-on-wednesday-amid-concerns-over-possible-equipment-links-to-forest-fires">hit the hardest</a> of the utility companies connected to the California wildfires, falling 10% to $69.50 on Wednesday. The stock is now down 5% over the last year.
Pacific Gas &amp; Electric shares fell 4% to $19.25 on Wednesday.
Sempra shares fell 2% to $82.82 on Wednesday.
These utility companies remain top holdings in utility ETFs. In the SPDR Select Sector Fund – Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), Sempra is the sixth largest holding at 4.5% of assets, PCG 10th largest at 3.6% of assets and EIX comprises 2.3% of the ETF&#8217;s assets.
In the Vanguard Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VPU#NYSE">VPU</a>), Sempra (4.3% of assets), PG&amp;E (3.2% of assets) and Edison International (2.5%) are among the largest holdings. 
Fire Cause: One of the key question on the minds of California residents and investors will be who or what caused the fire. Right now, this remains a mystery.
As the New York Times <a href="https://www.nytimes.com/2025/01/08/us/what-caused-california-fires.html">reports</a>, scrutiny of power lines will likely come after the fires, as utility equipment has led to some of the largest California wildfires in the past, including the 2018 Camp Fire that left 85 people dead.
In 2024, four wildfire incidents were caused by utility equipment, including two by Edison International-owned Southern California Edison, according to the report.
Pacific Gas &amp; Electric, which may have limited exposure to this week&#8217;s infernos, is a lesson in the liability risk that California utilities face.
The utility company declared bankruptcy in 2019 related to damages and claims from wildfires. This included a<a href="https://www.benzinga.com/news/19/12/14953787/pg-e-trades-higher-on-13-5b-wildfires-settlement"> $13.5 billion settlement </a>for its alleged role in the fires. The company emerged from bankruptcy in 2020.
In 2024, Pacific Gas &amp; Electric paid $45 million in penalties related to the Dixie Fire in 2021, which state regulators found was linked to the company's power lines, as <a href="https://www.cnn.com/2024/01/26/us/pacific-gas-electric-settlement-dixie-fire-california/index.html">reported </a>by CNN.
California state law AB-1054, passed in 2019, established a Wildfire Fund of up to $21 billion to provide liquidity for fire events in the state and limits the liability of utility companies.
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Photo via Shutterstock.

As wildfires continue to wreak havoc in Los Angeles, investor confidence in the financial stability of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) is waning. The concern stems from the possibility that the company&#8217;s equipment may have sparked the fires.
What Happened: Southern California electric utility&#8217;s stock price plummeted by 10% on Wednesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, in the wake of the wildfires. The exact cause of the fires is yet to be determined, with investigations likely to span weeks or even months, The Wall Street Journal <a href="https://www.wsj.com/finance/wildfires-are-making-investors-nervous-about-los-angeles-area-utility-again-0f448a84">reported</a> on Thursday.
California&#8217;s &#8220;inverse condemnation&#8221; law holds utilities strictly liable&nbsp;for property damage caused by&nbsp;their power lines and equipment, irrespective of fault. This law has previously driven major utilities, such as PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), into bankruptcy following a single wildfire.
Pedro Pizarro, CEO of Edison, has in the past conceded the company&#8217;s susceptibility to wildfires. In a&nbsp;2019 interview with the Los&nbsp;Angeles Times, Pizarro stated that the company&#8217;s solvency was partly due to luck and risk mitigation efforts. He also cautioned that Edison could face bankruptcy in the aftermath of a major fire.
Despite legislative efforts to reduce utilities&#8217; liability risk, including laws allowing utilities to recoup wildfire costs from customers and the establishment of an insurance fund, the financial risk posed by wildfires remains substantial. The insurance fund&#8217;s total assets of $11.4 billion are overshadowed by the potential costs of a major wildfire, as evidenced by the $16.5 billion in damage caused by the 2018 Camp Fire.
Edison&#8217;s financial stability remains precarious, with negative free cash flow and the looming risk of its $18.1 billion equity being wiped out by a single catastrophic event. 
Meanwhile, the company&#8217;s market capitalization is valued at $27 billion.
Edison International has yet to respond to <a href="https://pro.benzinga.com">Benzinga</a>&#8216;s queries.
Why It Matters: The recent wildfires have already caused significant damage in the Los Angeles area. A&nbsp;destructive wildfire&nbsp;swept through the <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">Pacific Palisades neighborhood</a>, burning over 3,000 acres and forcing 30,000 residents to evacuate. The National Weather Service had issued warnings for extreme fire conditions, including wind gusts up to 80 mph, which exacerbated the situation.
The ongoing fires have also sparked ethical debates, as <a href="https://www.benzinga.com/news/25/01/42891954/los-angeles-wildfires-will-be-tamed-by-this-day-predict-polymarket-users-observers-raise-ethical-question">multiple betting contracts</a> emerged on the&nbsp;Polymarket platform, allowing users to wager on the outcome of the disaster. This has raised questions about the morality of profiting from such tragic events.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Los Angeles Wildfires Stoke Investor Fears: Edison International's Stock Ended 10% Lower Wednesday

Southern California is bracing for another <a href="https://www.benzinga.com/markets/equities/24/07/39583371/july-fourth-heat-california-faces-blackout-and-fire-risks-this-week-during-triple-digit-temperat">severe weather event</a> as the National Weather Service says an incoming windstorm could lead to wildfires.
The Forecast: The windstorm will hit most of Los Angeles and Ventura Counties, according to an NWS <a href="https://www.instagram.com/nwslosangeles/p/DEghe26MjNM/">post</a> on Monday night labeling the weather as an &#8220;extreme risk.&#8221; The agency anticipates 50 to 80 mile-per-hour wind gusts with increased exposure in mountainous regions. 
The warning spans Tuesday to Thursday.
&#8220;Strong winds are coming. This is a Particularly Dangerous Situation &#8211; in other words, this is about as bad as it gets in terms of fire weather,&#8221; the post read. &#8220;Stay aware of your surroundings. Be ready to evacuate, especially if in a high fire risk area. Be careful with fire sources.&#8221;
A <a href="https://x.com/NWSLosAngeles/status/1876408016930803836">post</a> on X said the wind could lead to downed trees, many power outages and significant airport delays at LAX.
Why it Matters: San Diego Gas and Energy, a subsidiary of Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), <a href="https://www.sdge.com/psps-dashboard">said</a> it could turn off power for up to 65,000 customers in anticipation of the storm. Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) also services the region and could face significant exposure.
Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) are the <a href="https://www.lawa.org/-/media/lawa-web/statistics/market-share-statistics/aircarrier-2023.ashx">largest</a> airlines with flights out of LAX. All three companies could face operations disruptions in the coming days.
The state has faced severe wildfires and extreme weather events in recent years which is widely attributed to the effects of climate change.
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Image created using artificial intelligence via Midjourney.

Los Angeles, Ventura Counties Brace For Windstorm: 'As Bad As It Gets In Terms Of Fire Weather'

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs analyst Gabriela Borges upgraded the rating for Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) from Sell to Buy and raised the price target from $77 to $140. Cloudflare shares closed at $107.68 on Tuesday. <a href="https://www.benzinga.com/quote/NET/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James analyst Brian Gesuale upgraded Maximus, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMS#NYSE">MMS</a>) from Market Perform to Outperform and announced a $90 price target. Maximus shares closed at $74.65 on Tuesday. <a href="https://www.benzinga.com/quote/MMS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson analyst Peter Winter upgraded U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) from Neutral to Buy and increased the price target from $58 to $60. U.S. Bancorp shares closed at $47.83 on Tuesday. <a href="https://www.benzinga.com/quote/USB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst Vijay Kumar upgraded the rating for Mettler-Toledo International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>) from In-Line to Outperform and raised the price target from $1375 to $1450. Mettler-Toledo Intl shares closed at $1,223.68 on Tuesday. <a href="https://www.benzinga.com/quote/MTD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Nicholas Campanella upgraded Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) from Equal-Weight to Overweight but lowered the price target from $91 to $84. Edison Intl shares closed at $79.84 on Friday. <a href="https://www.benzinga.com/quote/EIX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NET stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="590" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02080622/image-6-1024x590.png" alt="" class="wp-image-715066" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02080622/image-6-1024x590.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02080622/image-6-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02080622/image-6-768x442.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02080622/image-6.png 1111w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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