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UBS Raises Price Target on Sempra Energy (SRE) Following REX Interest Sale
April 1, 2016 8:43 AM EDTUBS reiterated a Buy rating on Sempra Energy (NYSE: SRE), and raised the price target to $116.00 (from $113.00), Following the company's announced sale of 25% interest in the Rockies Express (REX) pipeline to partner Tallgrass for $440M cash proceeds. The sale should optically enhance the CAGR by 140 bps. However,... More
