Jefferies Starts Sempra Energy (SRE) at Buy

Jefferies analyst Julian Dumoulin-Smith initiates coverage on Sempra Energy (NYSE: SRE) with a Buy rating and a price target of $98.00.

The analyst comments "Initiate at BUY as the market under-appreciates Sempra's growth potential with shares trailing the XLU by 15% YTD. We see 9% EPS CAGR over 2024-28, vs. 6-8% mgmt. target and 7.5% Cons. Between Oncor and the LNG business, SRE has one of the highest growth profiles in the sector, and we see clear potential for the company to exceed earnings growth expectations again. We expect consistent outperformance above 8% guide top-end without change to range."

For an analyst ratings summary and ratings history on Sempra Energy click here. For more ratings news on Sempra Energy click here.

Shares of Sempra Energy closed at $85.96 yesterday.

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