Entergy price target raised to $140 from $137 at RBC Capital

RBC Capital analyst Shelby Tucker raised the firm’s price target on Entergy to $140 from $137 and keeps an Outperform rating on the shares. The company’s regulatory picture continues to strengthen as a result of its recent Louisiana settlements, which is largely the reason that the stock has begun to close its valuation gap with the sector, and given the investment opportunities from accelerated resilience, re-shoring/electrification in the Gulf, and data centers, Entergy is set to build on its 9% rate base outlook, the firm added.