Wells Fargo initiated coverage of Sempra Energy (SRE) with an Overweight rating and $115 price target Wells also names Sempra its “Best Idea” for regulated utilities. Wells would buy the stock ahead of Sempra’s “key update” in February 2026. The company’s Texas pivot is underappreciated, especially with improving regulatory constructs and ERCOT transmission expansion, the analyst tells investors in a research note.
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