Morgan Stanley has adjusted its outlook on Sempra Energy (SRE, Financial), increasing the firm's price target from $86 to $89. Analyst David Arcaro maintains an Overweight rating on the company's shares, signaling a positive outlook for the utility provider. This update comes as part of the firm's broader reassessment of price targets for Regulated and Diversified Utilities/Independent Power Producers (IPPs) across North America.
Utilities have shown resilience, surpassing the performance of the S&P 500 index in March. As we advance into the first quarter, Morgan Stanley notes that it is generally a quieter period for financial updates, with the main focus likely to be on tariff risks. Investors will be keenly observing how these factors could influence future performance in the sector.
