Sempra gains as Jefferies upgrades to 'buy'

Sempra

01/09/2026 12:35

** Shares of energy infrastructure firm Sempra SRE.N rise more than 1% to $82.67 premarket
** Jefferies upgrades stock to "buy" from "hold," but cuts PT to $97 from $101
** New PT still implies a 15% upside to stock's last close
** Brokerage says SRE's investment plan to remain intact despite opposition to transmission and data centers
** "Shares are overly discounted and should re-rate to a smaller discount in the next twelve months" - brokerage
** 16 of 20 analysts rate the stock "buy" or above, 4 "hold"; median PT at $102 - data compiled by LSEG
** As of last close, stock down more than 7% YTD

(Reporting by Miraanta Lowrance in Bengaluru)
((miraanta.lowrance@thomsonreuters.com))