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Research Alert: CFRA Maintains Sell Opinion On Shares Of Edison International
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Research Alert: CFRA Maintains Sell Opinion On Shares Of Edison International
Oct 31, 2025 9:01 AM

11:30 AM EDT, 10/31/2025 (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:

Our 12-month target remains $48, 7.8x our 2026 EPS estimate (down $0.05 to $6.08; 2025 estimate remains $6.03), a wide discount to peers based on weaker growth expectations vs. peers and diminished sentiment in the wake of the Eaton Fire, in our view, for which EIX still does not have a definite estimate of its financial liability. The fire was confirmed as a "covered event" under the Wildfire Fund guidelines, which may support EIX's ability to define the liability and recoup more costs via securitization if the California Wildfire Fund is exhausted. We note that EIX's 5%-7% EPS CAGR target from 2025-2028 uses a 2025 base of $5.84, well below our expectation of $6.03. Assuming $6.03 in adjusted EPS in 2025 and $6.94 in 2028 (midpoint of EIX guidance range), we anticipate a near 5% EPS CAGR from 2025-2028, well below peers. The 2025-2028 rate case outcome was generally constructive for EIX, in our view. 91% of the company's capex plan was approved, supporting a $28B-$29B target for the 2025-2028 period.

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