'Californians face power blackouts as utility warns 22 counties under threat' - NY Post
https://nypost.com/2026/10/13/us-news/22-california-counties-could-see-pge-power-blackouts-amid-severe-weather/
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https://nypost.com/2026/10/13/us-news/22-california-counties-could-see-pge-power-blackouts-amid-severe-weather/
Truist Securities analyst Richard Sunderland maintains Edison International (NYSE:EIX) with a Hold and lowers the price target from $63 to $62.
JP Morgan analyst Aidan Kelly maintains Edison International (NYSE:EIX) with a Neutral and lowers the price target from $61 to $59.
The article examines three S&P 500 stocks down over 80% from their all-time highs: Nike, PayPal, and PG&E. While deeply discounted valuations might attract contrarian investors, the author recommends caution. Nike faces persistent competitive pressures and declining consumer value perception. PayPal, despite a 82% decline, maintains solid fundamentals with 5% revenue growth and a 45% market share in online payments, making it potentially worth buying. PG&E remains burdened by wildfire liability concerns and uncertain government policy protection, making it a risky bet.