Wells Fargo initiated coverage of Sempra Energy (SRE) with an Overweight rating and $115 price target Wells also names Sempra its “Best Idea” for regulated utilities. Wells would buy the stock ahead of Sempra’s “key update” in February 2026. The company’s Texas pivot is underappreciated, especially with improving regulatory constructs and ERCOT transmission expansion, the analyst tells investors in a research note.
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 $99 from $93 at Morgan Stanley
- Sempra Energy price target raised to $99 from $95 at BMO Capital
- 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