UBS Maintains Buy Rating for Sempra: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Buy rating for Sempra (NYSE:SRE) but lowered its price target from $95.00 to $89.00. Sempra's shares are currently trading at $66.34, indicating a potential increase of 34.16% if the price target is met. Sempra serves one of the largest utility customer bases in the US, distributing natural gas and electricity in Southern California and owning 80% of Oncor, a transmission and distribution business in Texas.
October 04, 2023 | 5:00 pm
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UBS has maintained its Buy rating for Sempra but lowered its price target. This could potentially lead to a 34.16% increase in Sempra's share price.
The maintained Buy rating indicates that UBS still sees potential in Sempra's stock. However, the lowered price target suggests a more conservative outlook. If the price target is met, it would mean a significant increase from the current share price, which could attract investors.
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