Sempra Energy Rides Infrastructure Demand in Texas with JPMorgan's Overweight Rating and $98 Target

JPMorgan reinstates coverage on Sempra Energy with an Overweight rating and a $98 price target, citing the company's potential to tap into the growing infrastructure demand in Texas. Sempra's financial performance shows a mixed picture, with concerns about debt and efficiency metrics. Despite this, the company's valuation metrics indicate a potentially overvalued position, and analyst sentiment remains cautiously optimistic.