Edison International is trading 6.01% up at $57.23 after rebounding from a 23.07% fall on August 31, amid pressure after California failed to enact meaningful wildfire-liability protections.
- The protections included wildfire-fund replenishment and liability safeguards; their absence triggered intense selling.
- Mizuho downgraded the company to Neutral and cut its target from $86 to $70.
- UBS later reduced its target to $63; California utility-sector pressure remains the dominant context.