Truist lowered the firm’s price target on Sempra Energy (SRE) to $104 from $108 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s models in Power and Utilities ahead of the American Gas Association’s Financial Forum. Standing in year three of the data center wave, sector investment continues to march higher and growth expectations alongside this, with vertically integrated electric utilities seen as clear winners in building the infrastructure to serve this load growth, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra’s SoCalGas Issues $650 Million Long-Term Bonds
- Sempra Energy files automatic mixed securities shelf
- Sempra Shareholders Back Board, Governance at 2026 Meeting
- Sempra Energy price target lowered to $103 from $105 at BMO Capital
- Sempra Energy price target lowered to $106 from $107 at Evercore ISI