BMO Capital Upgrades Sempra to Outperform, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Thalacker has upgraded Sempra (NYSE:SRE) from Market Perform to Outperform and increased the price target from $76 to $84, indicating a positive outlook on the company's stock.
January 11, 2024 | 11:36 am
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POSITIVE IMPACT
Sempra's stock rating has been upgraded by BMO Capital from Market Perform to Outperform, with a raised price target from $76 to $84, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The increase in price target further reinforces the positive sentiment, indicating that the analyst sees more value in the stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100