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.

Don't Miss out on Research Tools:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App