Morgan Stanley raised the firm’s price target on Sempra Energy (SRE) to $86 from $85 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Regulated and Diversified Utilities/IPPs, the analyst tells investors. In February, utilities outperformed the S&P’s -1.30% return, the firm says. Key takeaways from the firm’s annual Energy & Power Conference includes continued strong demand from data centers; regulatory uncertainty in power markets; renewables defense with safe harboring, equipment onshoring, and rising return levels; and new generation build challenges, the firm notes.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra Energy CAO Wall sells 8,192 common shares
- Sempra Energy downgraded to Hold at Argus with 2025 seen as ‘rebuilding period’
- Sempra Energy downgraded to Hold from Buy at Argus
- Sempra Energy price target lowered to $78 from $92 at BMO Capital
- Sempra Energy: Strategic Repositioning and Growth Potential Amid Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue