In a report released today, Ross Fowler from Bank of America Securities reiterated a Hold rating on Entergy, with a price target of $97.00.
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Ross Fowler’s rating is based on several factors influencing Entergy’s financial outlook. The company is expected to report lower operating earnings for Q3 2025 compared to the previous year, primarily due to increased operational and interest expenses, as well as equity dilution, despite higher sales and rates. This mixed financial performance has led to a reaffirmation of the company’s EPS guidance and capital plan, indicating stability but not significant growth.
Additionally, Entergy is involved in various data center developments and regulatory actions, which could impact future performance. The company’s investments in transmission and distribution aim to enhance resilience and reliability, but these initiatives are still in progress. The updated EPS estimates and price objective reflect these developments, aligning closely with consensus expectations. Therefore, the Hold rating suggests a balanced view of potential risks and opportunities, warranting a cautious approach for investors.
According to TipRanks, Fowler is a 5-star analyst with an average return of 9.0% and a 69.20% success rate. Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Xcel Energy, and Alliant Energy.
In another report released on October 6, Evercore ISI also initiated coverage with a Hold rating on the stock with a $98.00 price target.