UBS Cuts Price Target on Sempra Energy (SRE) After Visiting Facility

November 17, 2016 10:02 AM EST
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Price: $102.44 +0.35%

Rating Summary:
    11 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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UBS maintained a Buy rating on Sempra Energy (NYSE: SRE), and cut the price target to $113.00 (from $116.00), after visiting the company's Cameron LNG facility.

Analyst Julien Dumoulin-Smith commented, "We travelled yesterday to Lake Charles, Louisiana for a visit to Sempra's Cameron LNG facility in light of recent delay concerns. In short, we don't see a full 6 month delay as a given and at this stage we believe it's likely closer to 2-3 months without factoring in potential further mitigation. Our bias remains that deployment prospects will improve."

For an analyst ratings summary and ratings history on Sempra Energy click here. For more ratings news on Sempra Energy click here.

Shares of Sempra Energy closed at $98.31 yesterday.

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