Guggenheim Maintains Buy on Sempra Energy, Lowers Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza has maintained a 'Buy' rating on Sempra Energy (NYSE:SRE) but lowered the price target from $174 to $172.

July 07, 2023 | 4:36 pm
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Sempra Energy's price target has been lowered by Guggenheim from $174 to $172, though the 'Buy' rating is maintained.
The news directly pertains to Sempra Energy as Guggenheim has lowered its price target for the company. However, the 'Buy' rating is maintained which indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price as the lowered price target might cause some investors to sell, but the maintained 'Buy' rating could also attract new investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100