Jefferies raised the firm’s price target on Sempra Energy (SRE) to $89 from $87 and keeps a Hold rating on the shares. The firm sees a mostly positive Q3 “super cycle” of updates with messages of “capex up & cost of capital down” from the utilities group, the analyst tells investors in a sector preview.
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Read More on SRE:
- Sempra Energy initiated with a Buy at BTIG
- Sempra Energy upgraded to Overweight from Equal Weight at Barclays
- Sempra Energy’s Strategic Stake Sale to KKR Boosts Financial Outlook and Supports Buy Rating
- Sempra Energy: Strategic Growth and Valuation Justify Buy Rating Despite Wildfire Risks
- Sempra Energy initiated with an Outperform at Evercore ISI