Mizuho raises PT on Sempra on $10 bln stake sale of unit
** Mizuho raises price target on energy infrastructure company Sempra SRE.N to $93 from $86
** The new PT represents an 8% upside to the stock's last close
** Co on Tuesday announced agreement to sell 45% stake in its unit Sempra Infrastructure Partners (SIP) for $10 billion
** Brokerage believes the reduced business risk associated with less earnings from SIP would drive rating agencies to lower Sempra's downgrade threshold back to at least 14%
** "SRE has timed the sale of SIP to minimize equity needs through 2030, and maximized the balance sheet capacity while still taking part in the growth phase of the business" - Brokerage
** 5 of 13 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $82.5
** As of last close, stock down ~2% YTD
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