Edison International (NYSE: EIX) downgraded to Hold with price target $62 by Deutsche Bank
Deutsche Bank downgraded Edison International (NYSE: EIX) to Hold with price target $62. Previously, Deutsche Bank rated Edison International (NYSE: EIX) to Buy with price
target $58 on 03/28/2014, when the stock price was valued at $55.29. Since then, Edison International's stock price has gained 7% as of 08/11/2015's recent price of $59.10. If you had followed Deutsche Bank's previous recommendation on EIX, you would have gained 7% of your investment in 501 days.
is engaged in the business of becoming the parent holding company of Southern California Edison Company (SCE), a California public utility corporation, and of nonutility companies. The principal nonutility companies are Edison Mission Energy (EME), which is an independent power producer engaged in the business of developing, acquiring, owning or leasing, and selling energy and capacity from independent power production facilities and also conducts hedging and energy trading activities in power markets open to competition; and Edison Capital, which has investments in energy and infrastructure projects globally and in affordable housing projects located throughout the United States. The Company operates in three business segments: an electric utility operation segment (SCE), a nonutility power generation segment (EME), and a financial services provider segment (Edison Capital).
is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank
. This division is one of the largest global asset managers.