Guggenheim analyst Shahriar Pourreza raised the firm’s price target on Entergy (ETR) to $90 from $83 and keeps a Buy rating on the shares. The firm, which shuffled ratings in the utilities sector, argues that the group is “oversold, undervalued” and should outperform in 2025. In its ratings reworking, the firm upgraded six stocks to Buy and downgraded four to Neutral, adding that utilities are “not an interest rate call, not a yield call… it’s a GARP call,” describing the sector as offering “growth at a reasonable price.”
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETR:
- Entergy price target raised to $75 from $71 at Evercore ISI
- Entergy price target lowered to $82 from $165 at Scotiabank
- Entergy Settles SEC Investigation with $12 Million Penalty
- Entergy to pay $12M to settle SEC internal accounting control violations charges
- Entergy price target raised to $85 from $65 at Argus