Wells Fargo Sticks to Its Buy Rating for Sempra Energy (SRE)
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Sempra Energy (SRE) with a $118 price target, noting the stock closed at $83.34. This contrasts with Mizuho's August downgrade to Hold, though Truist recently issued a Buy recommendation. Pourreza, who covers Utilities, has a 54.64% success rate.
In a report released yesterday, Shahriar Pourreza from Wells Fargo maintained a Buy rating on Sempra Energy, with a price target of $118.00. The company’s shares closed yesterday at $83.34.
Pourreza covers the Utilities sector, focusing on stocks such as Public Service Enterprise, NRG Energy, and Vistra Corp. According to TipRanks, Pourreza has an average return of 5.9% and a 54.64% success rate on recommended stocks.
In addition to Wells Fargo, Sempra Energy also received a Buy from Truist Financial’s Richard Sunderland in a report issued on September 3. However, on August 31, Mizuho Securities downgraded Sempra Energy (NYSE: SRE) to a Hold.