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UPDATE: Goldman Sachs Raises PT to $67 on Sempra Energy on Q1 Report, New Segment Reporting

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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.

Latest Ratings for SRE

DateFirmActionFromTo
Aug 2017Morgan StanleyMaintainsOverweight
Jun 2017BarclaysDowngradesOverweightEqual-Weight
Jun 2016Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for SRE
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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