Morgan Stanley Trims Edison International (EIX) Price Forecast After April Utility Review Morgan Stanley's decision to lower its price recommendation on Edison International (EIX) from $70 to $64 is a stark reminder that even stalwarts in the utility sector are not immune to market volatility.
The downgrade, which comes after the firm updated its price targets for Regulated and Diversified Utilities and IPPs across North America for April, has left investors wondering if the writing is on the wall for EIX.
Utilities as a whole have underperformed the S&P in recent months, with Edison International being no exception.