Market Overview

UPDATE: Goldman Sachs Raises PT to $77 on Sempra Energy; Guidance Likely Conservative

Share:
Related SRE
Mid-Morning Market Update: Markets Down; JPMorgan Beats Q4 Expectations
Early Global News: Judge Dismisses Yelp Lawsuit, Boston Scientific Recall, Brazil Suing BHP & Vale

Goldman Sachs maintained Sempra Energy (NYSE: SRE) with a Neutral rating and increased the price target from from $74.00 to $77.00.

Goldman Sachs noted, "We believe upside exists to 2013 consensus and the midpoint of guidance, partially on accounting for the delays in California rate case orders coming from the state utility regulator. While still slightly above consensus on 2014/2015, we forecast slowing yoy EPS growth in 2014, with reacceleration occurring in 2015 as new pipeline (Mexico) and renewable projects come online. We clearly missed SRE's outperformance over the last few months, but at this point, do not see significant total return potential, driving our Neutral rating."

Sempra Energy closed at $77.76 on Thursday.

Latest Ratings for SRE

DateFirmActionFromTo
Jan 2016BarclaysMaintainsOverweight
Sep 2015UBSMaintainsBuy
May 2015JP MorganMaintainsNeutral

View More Analyst Ratings for SRE
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (SRE)

Get Benzinga's Newsletters