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Guggenheim lowers Sempra Energy price target, calls selloff ‘overdone’

Guggenheim analyst Shahriar Pourreza lowered the firm’s price target on Sempra Energy (SRE) to $87 from $95 and keeps a Buy rating on the shares after the company reported a Q4 EPS miss and rebased 2025 guidance 58c lower, setting a base for the new increased 7-9% long-term EPS growth guidance. Despite the “disappointing print” and the firm’s questions about management’s rationale to present the plan in its current form given the lack of visibility on regulated fundamentals, the firm argues that the selloff in the shares was “overdone.”

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