10 Stocks That Analysts Think Will Go Up

4. Edison International (NYSE:EIX)

Edison International (NYSE:EIX) is an electric power generator and distributor. It provides and delivers electricity to public authorities, commercial, residential, agricultural, industrial, and other sectors. It is one of the oldest utility companies in the country, founded in 1886. It was upgraded from Neutral to Buy at UBS, though the price target was subsequently lowered to $65 from $69, still a 27% upside.

A stock that was registering all-time highs just two months ago has now dropped to COVID-19 levels due to the LA wildfires that wreaked havoc in the region. The company has been facing multiple lawsuits, both from citizens residing in the region as well as shareholders. However, according to the analysts, the worst-case scenarios for these lawsuits are already priced in. The company may be held liable for $3.9 billion in damages. Once that dust settles, the stock can quickly rerate to better levels.

EIX has a forward dividend yield of 6.61% and has been paying dividends for 22 years. The analyst upside may be a conservative target if the clarity over wildfire lawsuits comes sooner.