BMO Capital analyst James Thalacker raised the firm’s price target on Sempra Energy (SRE) to $99 from $95 and keeps an Outperform rating on the shares ahead of its Q3 results. The firm anticipates a relatively flat year-over-year performance, with 2024 GRC benefits largely offset by higher interest expense, the analyst tells investors in a research note. BMO adds that it expects the ongoing SIP sale and post-sale strategy to remain in the spotlight.
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