Mizuho analyst Anthony Crowdell raised the firm’s price target on Sempra Energy (SRE) to $93 from $86 and keeps an Outperform rating on the shares after the company announced it will sell 45% of Sempra Infrastructure Partners for $10B. The firm says the sale’s valuation is notably higher than expected.
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Read More on SRE:
- Sempra Energy price target raised to $93 from $86 at Morgan Stanley
- Sempra Energy’s Strategic Moves and Financial Strength Justify Buy Rating
- Sempra Energy Sells Stake in Infrastructure Partners
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