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EIX
Benzinga
22 days

Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Delivering High-Dividend Yields

1. Edison International has a 6.25% dividend yield, attracting investors. 2. Morgan Stanley downgraded EIX's price target from $52 to $51. 3. JP Morgan cut its price target for EIX from $75 to $71. 4. EIX declared a dividend of 82.75 cents on June 25. 5. Investor focus remains on high dividend yields amid market uncertainties.

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FAQ

Why Bearish?

Analyst downgrades and lowered price targets can negatively affect investor sentiment and valuations, as seen with similar downgrades in the past causing short-term price declines.

How important is it?

The combination of a high dividend yield and analyst downgrades makes this highly relevant, though it carries negative implications for EIX's price.

Why Short Term?

The downgrades from analysts are likely to have immediate effects, typically observable within the upcoming trading sessions.

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