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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra Energy: Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- Sector Spotlight: Utility stocks in focus after first quarter earnings
- Sempra Energy Reports Strong First-Quarter 2025 Results
- Sempra Energy’s Earnings Call: Strong Growth Amid Challenges
- Sempra Energy reports Q1 adjusted EPS $1.44, consensus $1.32