BMO Capital analyst James Thalacker raised the firm’s price target on Sempra Energy (SRE) to $99 from $95 and keeps an Outperform rating on the shares ahead of its Q3 results. The firm anticipates a relatively flat year-over-year performance, with 2024 GRC benefits largely offset by higher interest expense, the analyst tells investors in a research note. BMO adds that it expects the ongoing SIP sale and post-sale strategy to remain in the spotlight.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra Energy price target raised to $89 from $87 at Jefferies
- 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