Analysts Offer Insights on Utilities Companies: Centerpoint Energy (CNP) and Edison International (EIX)

Analysts fell to the sidelines weighing in on Centerpoint Energy (CNP – Research Report) and Edison International (EIX – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Centerpoint Energy (CNP)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Centerpoint Energy yesterday and set a price target of $43.00. The company’s shares closed last Monday at $39.19.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 9.2% and a 59.2% success rate. Tonet covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on Centerpoint Energy is a Moderate Buy with an average price target of $41.58, implying a 6.3% upside from current levels. In a report issued on October 6, Evercore ISI also initiated coverage with a Hold rating on the stock with a $42.00 price target.

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Edison International (EIX)

In a report released yesterday, Aidan Kelly from J.P. Morgan maintained a Hold rating on Edison International, with a price target of $67.00. The company’s shares closed last Monday at $53.65, close to its 52-week low of $49.06.

Currently, the analyst consensus on Edison International is a Moderate Buy with an average price target of $63.75, representing a 22.2% upside. In a report issued on October 2, Jefferies also downgraded the stock to Hold with a $57.00 price target.

Read More on CNP:

Disclaimer & DisclosureReport an Issue

• CenterPoint Energy price target raised to $46 from $44 at UBS
• CenterPoint Energy Appoints Jason P. Wells as Board Chair
• CenterPoint Energy price target raised to $40 from $39 at Barclays
• CenterPoint Energy: Balanced Risk and Reward Justifies Hold Rating Amid Limited Upside
• CenterPoint Energy initiated with an In Line at Evercore ISI