More Edison International (EIX -1.7%) San Onofre talk: After trying to get a handle on time...

|About: Edison International (EIX)|By:, SA News Editor

More Edison International (EIX -1.7%) San Onofre talk: After trying to get a handle on time frames for a potential Unit 2 restart via two questions on the call (transcript), ISI analyst Greg Gordon downgrades the stock to Neutral from Buy even though he still believes the worst case scenario (no restart at San Onofre) is "unlikely." Gordon ups his price target to $54 citing an increase in his 2015 P/E multiple, but notes that "our twelve month target price … assumes that SONGS Unit 2 restarts." (previous)