Benzinga | Dec 29, 2021 01:56PM EST

Argus Bumps Up Price Targets For Edison, Cintas

* Argus analyst Gary Hovis raised Edison International's (NYSE:EIX) price target to $73 (an upside of 7%) from $68 and maintained a Buy rating on the shares.

* The analyst is optimistic about the company's forward earnings visibility, favorable regulatory environment, and improving financial strength.

* Hovis notes that Edison is seeing increased revenue from the recovery of its investments in infrastructure projects and alternative energy facilities.

* Argus Research analyst John Eade raised the price target for Cintas Corp (NASDAQ:CTAS) to $490 (an upside of 10%) from $410 and maintained a Buy rating on the shares.

* Price Action: EIX shares are trading higher by 0.12% at $68.28 and CTAS higher by 0.17% at $444.87 on the last check Wednesday.