Morgan Stanley Maintains Equal-Weight on Sempra, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an Equal-Weight rating on Sempra (NYSE:SRE) but reduced the price target from $75 to $73.
November 21, 2023 | 3:00 pm
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Morgan Stanley has maintained an Equal-Weight rating on Sempra and lowered the price target from $75 to $73.
The reduction in price target by a major analyst like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term dip in Sempra's stock price. However, since the rating remains at Equal-Weight, the impact might be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100