Barclays analyst Nicholas Campanella downgraded Sempra Energy (SRE) to Equal Weight from Overweight with a price target of $72, down from $95. The firm expects the stock to be range-bound through 2025 as the company management builds back credibility and looks to execute on a host of regulatory initiatives, the analyst tells investors in a research note. Barclays adds that financing is in focus for Sempra given its declining credit profile.
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