UPDATE: Goldman Sachs Raises PT to $67 on Sempra Energy on Q1 Report, New Segment Reporting
Goldman Sachs reiterates its Neutral rating on Sempra Energy (NYSE: SRE) and raises its price target from $65 to $67.
Goldman Sachs notes, "We maintain our Neutral rating on Sempra (SRE) and revise our estimates, to reflect: (1) 1Q2012 reporting and 10-Q data, and (2) revised reporting of business segments by the company. We raise our 2012 estimates to $4.30 from $4.00, and update our 2013-2015 estimates to $4.31/$4.74/$5.14 from $4.32/$4.71/$4.94. We also raise our 12-month SOTP-based target price to $67 from $65, primarily to reflect higher value for the potential Cameron LNG export terminal."
SRE closed at $67.85 on Friday.
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