Morgan Stanley Maintains Equal-Weight on Sempra Energy, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an Equal-Weight rating on Sempra Energy (NYSE:SRE) and lowered the price target from $79 to $76.

August 23, 2023 | 3:08 pm
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Sempra Energy's price target has been lowered from $79 to $76 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in the stock price of Sempra Energy in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the sector or the market, which does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100