Citigroup Raises Sempra's Price Target to $99, Maintains Neutral Rating

Citigroup raises Sempra's (SRE) price target to $99, a 23.75% increase from prior. The analyst maintains a 'Neutral' rating on the stock. Sempra serves one of the largest utility customer bases in the US and owns 80% of Oncor, a transmission and distribution business in Texas. The average target price for SRE is $101.46, with a high estimate of $115.00 and a low estimate of $89.00.