Sempra Energy (SRE) Rated Overweight by JPMorgan with $98 Target
JPMorgan has reinstated coverage on Sempra Energy (SRE) with an Overweight rating and a new price target of $98, signaling confidence in the company's potential to benefit from infrastructure demand in Texas. Despite its strategic positioning and solid operational efficiency, Sempra faces financial challenges including significant leverage and a low Altman Z-Score, indicating potential risks. Investors are advised to consider the company's valuation metrics and insider selling trends alongside its growth prospects.
https://www.gurufocus.com/news/8589692/sempra-energy-sre-rated-overweight-by-jpmorgan-with-98-target