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Fly News Breaks for August 20, 2018
SRE
Aug 20, 2018 | 07:23 EDT
As previously reported, Wells Fargo analyst Sarah Akers upgraded Sempra Energy to Outperform from Market Perform and raised her price target on the shares to $128 from $125. Following the one-day activist-driven pop back on June 11, the shares have underperformed by nearly 13%. With several overhangs in the rear-view mirror and various potential catalysts ahead, along with the recent underperformance, Akers thinks the risk/reward has shifted back in investors' favor.
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