Goldman Sachs analyst Carly Davenport upgraded Sempra Energy (SRE) to Buy from Neutral with a price target of $106, up from $88 after its Q3 earnings beat last week. The management’s increased focus on Texas should drive earnings upside in the medium-term, the analyst tells investors in a research note. After lowering its rating to Neutral in February 2025, Goldman Sachs has seen improved management communication and execution, legislative wins including the approval of the unified tracker mechanism in Texas and the mitigation of California wildfire risk via SB 25, the firm added.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE: