Entergy price target raised to $88 from $82 at BofA

BofA analyst Ross Fowler raised the firm’s price target on Entergy (ETR) to $88 from $82 and keeps a Neutral rating on the shares following the Q4 report. Entergy issued a positive business update, with a higher earnings outlook, capital spending plan, and sales growth forecast, the analyst tells investors in a research note. The firm says the update justifies the stock’s premium valuation.