JPMorgan upgraded Sempra Energy to Overweight from Neutral with a price target of $86, up from $78. The company is positioned to materially capitalize on record Texas demand, which is seeing increasing levels of system investment need all without ratepayer affordability concerns facing other parts of the country, the analyst tells investors in a research note. The firm see Sempra’s Texas leverage as underappreciated.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SRE: