Sempra Energy price target raised to $80 from $77 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Sempra Energy to $80 from $77 and keeps an Equal Weight rating on the shares. In July, utilities outperformed the S&P’s +1.22% return by 560 bps, the analyst tells investors. The firm sees upside due to its involvement in liquefied natural gas.