Entergy price target raised to $162 from $143 at KeyBanc
The Fly

Entergy price target raised to $162 from $143 at KeyBanc

KeyBanc raised the firm’s price target on Entergy (ETR) to $162 from $143 and keeps an Overweight rating on the shares. Entergy reaffirmed its 2024 guidance and 6%-8% EPS growth rate through 2025, its long-term EPS compound annual growth rate was raised to 8%-9%, underpinned by a 300 basis point increase to the industrial sales forecast and a $7B increase to the capital plan, driven by the arrival of a large-load data center customer and broader demand growth in the region, the analyst tells investors in a research note. These updates validate the firm’s longstanding thesis on Entergy, and the firm continues to see upside, given attractive growth runway in Entergy’s territories.

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