BMO raises price target on Sempra's stake sale in infrastructure unit

Sempra

22/10/2025 13:03

** BMO Capital Markets raises price target on U.S. electric and gas utility Sempra SRE.N to $99 from $95; reiterates "outperform" rating

** Shares of SRE up marginally at $92.50 premarket

** The new price target represents a 7.2% upside to the stock's last close

** BMO expects Sempra's plan to sell a 45% stake in its infrastructure unit and post-sale strategy to remain in the spotlight, with updates possible on the smaller Ecogas transaction

** Brokerage revises SRE's 3Q25 estimate to $0.91 vs. $0.89 3Q24

** 8 of 15 rate the stock "buy" or higher, 7 rate "hold"; median PT is $94 - data compiled by LSEG

** As of last close, SRE up 5.2% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))