Morgan Stanley has increased its price target for Sempra Energy (SRE) to $101 from $97, maintaining an Overweight rating. This adjustment is part of the firm’s January update for Regulated & Diversified Utilities / IPPs stocks in North America, noting that utilities have recently underperformed the S&P’s return. The firm also anticipates a balanced discussion regarding data center pipelines during the upcoming Q4 earnings, considering increased affordability and political concerns.
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Sempra Energy price target raised to $101 from $97 at Morgan Stanley
Morgan Stanley has increased its price target for Sempra Energy (SRE) to $101 from $97, maintaining an Overweight rating. This adjustment is part of the firm’s January update for Regulated & Diversified Utilities / IPPs stocks in North America, noting that utilities have recently underperformed the S&P’s return. The firm also anticipates a balanced discussion regarding data center pipelines during the upcoming Q4 earnings, considering increased affordability and political concerns.