NEW YORK (TheStreet) -- Edison International (EIX) - Get Reportwas downgraded to "equal weight" from "overweight" at Barclays on Wednesday. The firm maintained its $68 price target on the stock.

Edison reported earnings of $1.16 per share on revenue of $3.76 billion on Tuesday. Analysts surveyed by Zacks Investment Research were expecting the company to report earnings of $1.10 per share on revenue of $4.63 billion.

Edison also lowered its 2017 ratebase range to $26.7 billion to $26.9 billion versus its previous guidance of $26.9 billion to $28.4 billion, which Barclays said is driven by lower transmission spending between 2015 and 2017. 

Barclays analysts lowered their 2016 earnings estimates for Edison to $3.74 from $3.87 per share and their 2017 earnings estimates to $4.02 from $4.12 per share. 

Shares of Edison were down by 4.46% to $61.51 in mid-morning trading on Wednesday.

Separately, TheStreet Ratings team rates EDISON INTERNATIONAL as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

TST Recommends

We rate EDISON INTERNATIONAL (EIX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and growth in earnings per share. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: EIX

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