UPDATE: ISI Group Downgrades Edison International to Neutral on Valuation, Risk/Reward

In a report published Wednesday, ISI Group analyst Greg Gordon downgraded the rating on Edison International (NYSE: EIX ) from Buy to Neutral, but raised the price target from $50.50 to $54.00. In the report, Gordon noted, “Our base valuation case--a twelve month target price of $54/share up from $50.50/share--assumes