Wells Fargo analyst Shahriar Pourreza added Sempra Energy (SRE) to the firm’s Q2 Tactical Ideas List. Coming off NDR post Q4 updates, the firm notes the story cleaned up after prior underperformance, now lining up catalysts to continue re-rating higher. Regulatory clarity, SIP sale credit review and Oncor load filings pave way for midyear updates, Wells adds. The firm has an Overweight rating on the shares with a price target of $115.
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