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Benzinga
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Sempra Analyst Turns Bullish On Increased Focus On Texas

1. Sempra focuses on Texas, driving medium-term earnings growth. 2. Goldman Sachs upgraded SRE rating to Buy and raised target price to $106. 3. Oncor benefits from data center growth, infrastructure, and population increases. 4. Increased capital investments in Texas projected to boost EPS growth to 21%. 5. Shares rose by 0.81% to $92.97 recently.

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FAQ

Why Bullish?

SRE's upgrade reflects positive market sentiment and potential revenue growth, reminiscent of past analyst upgrades leading to rising share prices.

How important is it?

The announcement of capital increases and EPS adjustments shows strong strategic positioning, crucial for investor confidence in SRE.

Why Long Term?

Medium-term benefits from expected capital investments and market growth suggest sustained performance improvements.

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