Entergy price target raised to $144 from $119 at Scotiabank

Scotiabank raised the firm’s price target on Entergy (ETR) to $144 from $119 and keeps a Sector Perform rating on the shares. While the firm was worried low-margin industrial sales were hard to convert to earnings, the company proved this idea wrong, showing a robust, double-digit industrial demand outlook couple with a more-real commitment to clean energy investment from these customers driving upside to EPS, the analyst tells investors.