01:10 AM EDT, 06/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $3 to $47, 7.7x our 2026 EPS estimate (unchanged at $6.13, 2025's up $0.01 to $6.07), a wide discount to peers given significant uncertainty related to losses from the Eaton Fire, which EIX recently characterized as "probable" during Q1 earnings. Though EPS expectations and valuation have materially declined, potentially foreshadowing a guidance cut upon the conclusion of the pending multiyear rate case, in our view, we think shares could continue to face pressure due to weakening investor sentiment across California utility names. Based on analysis from Washington Analysis, CFRA's policy research arm, we see multiple legislative proposals threatening a stricter regulatory environment, including limits on the ability to recoup costs related to undergrounding power lines and certain wildfire-prevention investments. We think EIX and peers may also be required to make additional contributions to the California Wildfire Insurance Fund in order to maintain its solvency.