Morgan Stanley analyst David Arcaro raised the firm’s price target on Sempra Energy (SRE) to $99 from $93 and keeps an Overweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In September, utilities outperformed the S&P, the firm notes. Heading into Q3, the firm expects a key focus for utilities to be on the evolution of data center pipelines and is watching for commentary around interconnection times.
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Read More on SRE:
- Sempra Energy price target raised to $99 from $95 at BMO Capital
- Sempra Energy price target raised to $89 from $87 at Jefferies
- Sempra Energy initiated with a Buy at BTIG
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