PCG and EIX slide after wildfire reform setback; BofA turns neutral
PG&E Corp. (PCG) and Edison International (EIX) are set for their worst week in a year after California wildfire reform fell short on liability protection. Bank of America downgraded both stocks and turned them neutral.
PG&E Corp. (PCG) and Edison International (EIX) are set for their worst week in a year after California’s wildfire reform setback fell short of investors’ expectations for stronger liability protections. Bank of America downgraded both stocks, adding to investor concerns about wildfire exposure.