Edison International (NYSE:EIX): Bernstein reconfirms its Outperform view of the stock and raises the price target, given that the company intends to increase its dividend and the higher valuations currently observed of separately regulated utility companies.
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Zynga (NASDAQ:ZNGA): According to Wedbush, the stock has bottomed out and investors can look forward to better subscriber growth with new games launches and better profitability in 2H 2012 as older games attract increased spending and 2011 releases achieve market maturity. Wedbush rates the shares as ‘Outperform’ with a price target of $17.
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