10 Best Rebound Stocks To Invest In Now

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3. Edison International (NYSE:EIX)

Number of Hedge Fund Holders: 29 

Year-To-Date Decline in Share Price: 34.8%    

Edison International (NYSE:EIX) engages in the generation and distribution of electric power. In mid-January, Ladenburg Thalmann analysts upgraded the stock to Neutral from Sell with a $56.50 price target, saying the shares now factored in a worst-case scenario. With Edison trading at a 34% P/E discount we believe the stock reflects reasonable worst-case outcomes associated with the current California wildfires, Ladenburg analysts Paul Fremont and Dylan Lipner said. The note further noted that it was too early to discern what the outcomes would be with respect to the impact of the fires on the California Wildfire Insurance Fund solvency and/or the future earnings of Edison International, adding that an initial assessment of SoCal Edison’s role in the start of the fires will likely not occur until summer 2025 at the earliest.

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