Sempra Energy price target raised to $81 from $78 at BMO Capital

BMO Capital raised the firm’s price target on Sempra Energy (SRE) to $81 from $78 and keeps an Outperform rating on the shares. The firm cites the company’s Q1 EPS beat and affirmed guidance, noting that while the point-to-point CAGR is not expected to follow a linear path through the forecast period, Sempra management also highlighted their expectation that growth into 2029 should be at, or above, the high end of this range, the analyst tells investors in a research note.