Morgan Stanley Maintains Equal-Weight Rating for Sempra Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Sempra Energy (NYSE:SRE) but lowered its price target from $79.00 to $76.00. Sempra Energy's shares are currently trading at $71.27, down 0.05% over the last 24 hours. A move to $76.00 would represent a 6.64% increase from the current share price.
August 23, 2023 | 5:01 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating for Sempra Energy but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by Morgan Stanley could potentially lead to a negative sentiment among investors, which might put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100