Sempra Price Target Lifted by Jefferies Despite Lowered Guidance

Julian Dumoulin-Smith, an analyst at Jefferies, revised his outlook for Sempra (NYSE:SRE), increasing the price target from $75 to $78 while keeping the stock at a Hold rating. Despite the company’s recent downward guidance adjustment, the change shows rising investor interest.

Sempra Price Target Lifted by Jefferies Despite Lowered Guidance

Dumoulin-Smith pointed out that a successful sale of Strategic Infrastructure Partners (SIP) is essential to Sempra (NYSE:SRE) regaining management trust. The sale is now expected to generate almost $5 billion, which is considerably above the original estimate of over $1 billion.

Additionally, the analyst noted that Sempra’s forecast is made more challenging by the current macroeconomic environment. Particular issues include the effects of tariffs and the current ambiguity around the role of liquefied natural gas (LNG) in commerce.

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Read More: 10 Best Stocks to Buy According to the Bill & Melinda Gates Foundation Trust and 15 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies.

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