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UPDATE: JP Morgan Upgrades Sempra Energy to Overweight on Growth Momentum

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Earnings Scheduled For May 5, 2015
Why Goldman Just Launched Sempra Energy At Buy, ITC At Sell, And 4 Other Utilities At Neutral

JP Morgan upgraded Sempra Energy (NYSE: SRE) from Neutral to Overweight and raised the price target from $68.00 to $83.00.

JP Morgan said, "We are revisiting key Sempra growth drivers ahead of the March Investor Day, including an analysis of Luz del Sur, Chilquinta and the Mexican midstream assets by our Latin America utilities team. We acknowledge the 2012 outperformance of SRE shares but see upside again this year even without full LNG export approval, and believe the total growth proposition remains superior to regulated peers. By year-end we see the company being positioned to begin construction on 1 to 2 LNG export trains, with improved regulatory visibility through 2015, and see the LatAm utilities as continuing to deliver robust growth."

Sempra Energy closed at $75.73 on Friday.

Latest Ratings for SRE

DateFirmActionFromTo
May 2015JP MorganMaintainsNeutral
Apr 2015Goldman SachsUpgradesBuy
Jan 2015CitigroupMaintainsNeutral

View More Analyst Ratings for SRE
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Analyst Ratings

 

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