Market Overview

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

Share:
Related SRE
Earnings Scheduled For May 4, 2016
Earnings Scheduled For February 26, 2016
Buyer Beware! My Top Income Stocks In An Expensive Utility Sector (Seeking Alpha)

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
Apr 2016BarclaysMaintainsOverweight
Feb 2016BarclaysMaintainsOverweight
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for SRE
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Analyst Ratings

 

Related Articles (SRE)

View Comments and Join the Discussion!