Ladenburg analyst Paul Fremont initiated coverage of Entergy with a Buy rating and $116 price target. Despite numerous hurricanes, Entergy has consistently grown earnings in its targeted range, the analyst tells investors in a research note. The firm believes Louisiana regulators will continue to support the company’s reliability spending efforts. It says Entergy is well positioned to make the necessary investment to harden its system without outsized increases in customer bills.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ETR:
- Entergy, RWE partner to analyze Gulf of Mexico offshore wind market
- Entergy Texas declares quarterly dividend on preferred stock
- Entergy Louisiana seeks approval to add 225 MW of solar power to generation mix
- Entergy reports Q4 adjusted EPS 51c, consensus 51c
- Entergy reports 2022 financial results, initiates 2023 earnings guidance
