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Analysts Are Bullish on These Utilities Stocks: Entergy (ETR), Sempra Energy (SRE)

Tipranks - Thu Jun 11, 8:28AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Entergy (ETR) and Sempra Energy (SRE) with bullish sentiments.

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Entergy (ETR)

In a report released today, Richard Sunderland from Truist Financial reiterated a Buy rating on Entergy. The company’s shares closed last Tuesday at $109.66.

According to TipRanks.com, Sunderland is a 3-star analyst with an average return of 3.4% and a 52.6% success rate. Sunderland covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'>

Currently, the analyst consensus on Entergy is a Strong Buy with an average price target of $123.53, implying a 13.8% upside from current levels. In a report released today, Evercore ISI also upgraded the stock to Buy with a $121.00 price target.

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Sempra Energy (SRE)

Argus Research analyst Marie Ferguson maintained a Buy rating on Sempra Energy yesterday and set a price target of $105.00. The company’s shares closed last Tuesday at $90.87, close to its 52-week high of $95.77.

According to TipRanks.com, Ferguson is a 4-star analyst with an average return of 6.8% and a 63.8% success rate. Ferguson covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Edison International, and Centerpoint Energy. ;'>

Sempra Energy has an analyst consensus of Strong Buy, with a price target consensus of $105.64, implying a 17.9% upside from current levels. In a report issued on May 29, Wells Fargo also maintained a Buy rating on the stock with a $118.00 price target.

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