JPMorgan Slashes Edison International Price Target Amid Wildfire Liability Concerns

JPMorgan Chase & Co. analysts have cut their price target for Edison International (NYSE:EIX) from $82.00 to $61.00 in a note issued on Wednesday, according to MarketBeat.

The firm currently has a 'neutral' rating on the utilities provider's stock, suggesting a potential upside of 9.85% from the company's current price.

Edison International had already been the subject of several research reports this week, with analysts revising their price targets and ratings for the company.

Mizuho reiterated a 'neutral' rating on shares of Edison International in a research report on Monday, while Barclays restated an 'equal weight' rating and set a $75.00 price objective (down from $78.00) on shares of Edison International.