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SRE's upgrade reflects positive market sentiment and potential revenue growth, reminiscent of past analyst upgrades leading to rising share prices.
What happened, with direct paths to the underlying reporting
Sempra focuses on Texas, driving medium-term earnings growth. Goldman Sachs upgraded SRE rating to Buy and raised target price to $106. Oncor benefits from data center growth, infrastructure, and population increases. Increased capital investments in Texas projected to boost EPS growth to 21%. Shares rose by 0.81% to $92.97 recently.
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