Sempra Energy price target lowered to $79 from $81 at Wells Fargo

Wells Fargo lowered the firm’s price target on Sempra Energy to $79 from $81 and keeps an Overweight rating on the shares. The firm viewed Sempra Energy’s year-end 2023 update constructively, as guidance is supportive of its EPS estimates and management expressed confidence in the 6%-8% growth outlook.