Goldman Sachs Downgrades Sempra Energy (SRE) to Neutral
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Price: $86.41 -0.08%
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Sempra Energy (NYSE: SRE) from Buy to Neutral and maintained their $56 price target.
The firm said the stock likely faces a regulatory overhang in California as a general rate case settlement may not occur until early 2012.
In addition, Goldman said political uncertainty now emerges at the company's Latin American segment after recent presidential elections in Peru.
For more ratings news on Sempra Energy click here and for the rating history of Sempra Energy click here.
Shares of Sempra Energy closed at $52.59 yesterday.
The firm said the stock likely faces a regulatory overhang in California as a general rate case settlement may not occur until early 2012.
In addition, Goldman said political uncertainty now emerges at the company's Latin American segment after recent presidential elections in Peru.
For more ratings news on Sempra Energy click here and for the rating history of Sempra Energy click here.
Shares of Sempra Energy closed at $52.59 yesterday.
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