Morgan Stanley reiterates an Overweight rating on Sempra Energy SRE and price target of $76.
Morgan Stanley remarks, “Despite strong outperformance to-date, we remain OW as there is a nearly 18% total return potential to our PT, including a 3.7% yield. Moreover, we see support for shares from calendar items in the next 6-12 months relating to LNG export and California regulation, the focus of investor meetings.”
Sempra closed at $66.61 on Monday.
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