Jefferies raised the firm’s price target on Sempra Energy (SRE) to $89 from $87 and keeps a Hold rating on the shares. The firm sees a mostly positive Q3 “super cycle” of updates with messages of “capex up & cost of capital down” from the utilities group, the analyst tells investors in a sector preview.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra Energy initiated with a Buy at BTIG
- Sempra Energy upgraded to Overweight from Equal Weight at Barclays
- Sempra Energy’s Strategic Stake Sale to KKR Boosts Financial Outlook and Supports Buy Rating
- Sempra Energy: Strategic Growth and Valuation Justify Buy Rating Despite Wildfire Risks
- Sempra Energy initiated with an Outperform at Evercore ISI