Morgan Stanley Raises EIX Price Target to $62
Key Points
- Morgan Stanley kept an Underweight rating on Edison International on October 21, 2026, and raised its target from $60.00 to $62.00.
- Morgan Stanley's $62 price target implies 8.41% upside from Edison International's ($EIX) current $57.19 share price.
- Edison International recently traded around $57.19, closing at that same level on October 21, 2026.
- The company reported trailing twelve-month revenue of $19.42 billion and earnings of $9.70 per share ahead of its upcoming October 29 earnings report.
Since the rating, $EIX is up 1.3% to date (from the $57.19 close on Oct 21, 2026).
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Morgan Stanley reaffirmed its Underweight rating on Edison International (NYSE: EIX) on October 21, 2026, while raising its price target from $60.00 to $62.00. The research note highlights the firm's cautious forward-looking stance on the electric utility even as it nudged its valuation target slightly higher.
EIX
Edison International
Morgan Stanley's Call on Edison International
In its October 21, 2026 update, Morgan Stanley kept an Underweight rating on the utility provider. The firm lifted its price target to $62.00 from a previous level of $60.00.
Other Institutional Activity in Edison International
AQR Capital Management, LLC reduced its holdings by 2,144,269 shares, ending with 18,694,105 shares worth about $1.08 billion for its report ended June 30, 2026.
Edison International Stock Holds Steady
Edison International shares recently traded around $57.19 as of October 22, 2026, matching the closing price of $57.19 recorded on October 21, 2026. The stock trades below its 50-day moving average of $59.71 and its 200-day moving average of $67.88. The recent price sits roughly 29.9% below its 52-week high of $81.62 and about 11.9% above its 52-week low of $51.10.
$EIX price target
Edison International daily closes and this analyst's $62 target. Not advice.
Recent Earnings
Edison International generated trailing twelve-month revenue of $19.42 billion with earnings of $9.70 per share. The company posted a net profit margin of 19.3% and a return on equity of 19.7%. Investors look toward the company's next earnings report scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 7.1%. Revenue missed estimates by 1.4%.
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Profit surprise
EBITDA beat by 9 percent. Operating income beat by 13 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 2 target cuts.
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Earnings quality
Gross margin up 29.6 points. Operating margin down 29.8 points. Positive free cash flow.
Earnings Call Summary
Edison reported first quarter 2026 core earnings of $1.42 per share, beating the consensus estimate of $1.32 per share, though revenue of $4.1 billion fell short of the expected $4.16 billion. The company highlighted progress on wildfire mitigation with 93 percent of physical grid hardening work complete and nearly 1,500 settlement offers totaling over $500 million made to Eaton fire claimants. Management emphasized operational excellence efforts including new artificial intelligence tools that could unlock roughly $25 million in unbilled revenue recovery and expressed confidence in executing the approved regulatory framework through 2028 without requiring new equity issuance.
Guidance Edison reaffirmed its full year 2026 core earnings guidance of $5.90 to $6.20 per share. The company also reaffirmed long-term targets including 5 percent to 7 percent annual core earnings growth through 2030 and said it needs no new common equity for the next five years. Capital investment of $38 billion to $41 billion from 2026 through 2030 supports grid modernization and clean energy objectives.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Dividend
The company pays an annual dividend rate of $3.51 per share, giving it a dividend yield of 6.14% based on a payout ratio of 35.7%.
Insider Buying and Selling at Edison International
Director Peter J Taylor sold 500 shares on March 2, 2026, at an average price of $74.54 for a total value of $37,270. Taylor sold another 500 shares on April 13, 2026, at $75.30 per share for $37,650, and another 500 shares on July 13, 2026, at $75.40 per share for $37,700. Taylor later sold 500 shares on October 12, 2026, at $55.56 per share for a total value of $27,780.
Analysts Set New Price Targets
Jefferies downgraded the stock to Underperform with a target of $42.00 from $53.00 on October 2, 2026. Barclays maintained an Equal-Weight rating and lowered its target to $53.00 from $75.00 on October 9, 2026. Truist Securities kept a Hold rating and adjusted its target to $62.00 from $63.00 on October 12, 2026. JP Morgan maintained a Neutral rating and moved its target to $59.00 from $61.00 on October 12, 2026. Across 14 analyst opinions, the stock carries a consensus hold recommendation with a mean price target of $63.36.
About Edison International
Edison International operates through its subsidiaries to generate and distribute electric power across a 50,000 square-mile service territory in southern, central, and coastal California. The utility infrastructure serves residential, commercial, industrial, and agricultural customers throughout the region.
Bottom Line
Market participants will evaluate how the stock reacts near Morgan Stanley's $62.00 price target as the company approaches its October 29 earnings release. No investment advice or recommendation is implied by these analyst ratings.
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Source: Morgan Stanley's rating change on $EIX (Oct 21, 2026). Written by software, not financial advice. How we make alerts