Jefferies initiated coverage of Sempra Energy (SRE) with a Buy rating and $98 price target The market under-appreciates Sempra’s growth potential with shares trailing the XLU by 15% year-to-date, contends the analyst. The firm projects a 9% EPS compound annual growth rate over 2024-28, versus the 6%-8% management target and 7.5% consensus view, the analyst noted.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra Energy price target raised to $89 from $87 at Barclays
- Sempra Energy price target raised to $85 from $80 at Morgan Stanley
- Palantir, Sempra Energy added to US 1 List at BofA
- Bank of America Says It’s Time to Reconsider California Utility Stocks — Here Are 2 Top Picks
- Sempra Energy price target raised to $93 from $90 at BMO Capital