Research Alert: CFRA Maintains Sell Opinion On Shares Of Edison International
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $48, 7.9x our next-12-month EPS view, a discount to peers to reflect the Eaton Fire liability and weak investor sentiment toward California utilities. We lift our 2026 EPS view by $0.03 to $6.11 and 2027's by $0.26 to $6.52. We see EIX facing material near-term uncertainty from the Eaton Fire, with the company explicitly unable to estimate a range of losses despite having recorded $1.3 billion in settlements as of Q1 2026. We think the company's aggressive capital program and commitment to no new equity through 2030 are supported by strong regulatory visibility, but rising interest expense and potential affordability pushback create execution risk to the 5%-7% long term EPS growth target. With $5.5 billion in debt maturities over 2026-2027 and elevated current market rates, we see refinancing risk with material increases in interest expense as a possibility. In our opinion, shares reflect a meaningful tilt toward risk rather than reward. We remain at Sell.