San Diego-based utility holding company Sempra Energy SRE 0.6%'s acquisition of a majority stake in Texas' largest utility Oncor negatively impacted its first-quarter earnings, but Argus is bullish on the longer-term outlook. Argus' Jacob Kilstein upgraded Sempra Energy from Hold to Buy with a new $119 price target. SourceStochastics are oversold and the price is redy to break out the falling channel and form some upside. $SRE, DBA Sempra / D