Jefferies raises Sempra's PT on unit sale

Sempra

30/09/2025 16:58

** Jefferies raises price target on utility Sempra SRE.N to $87 from $78

** However, new PT represents a 3% downside to the stock's last close

** Brokerage says Sempra Infrastructure Partners (SIP) unit sale removes funding overhang and confirms LNG asset value through 2029

** "We do forecast Port Arthur Phase I full contribution to 2029 earnings" - brokerage

** 14 of 20 brokerages rate the stock "buy" or higher, 6 "hold"; median PT is C$53- data compiled by LSEG

** Including session's moves, stock up 4% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))