Entergy price target lowered to $113 from $114 at Mizuho

Mizuho analyst Anthony Crowdell lowered the firm’s price target on Entergy to $113 from $114 and keeps a Buy rating on the shares after the Louisiana Public Service Commission voted in support of a settlement in the company’s Hurricane Ida securitization agreement. Crowdell believes Entergy received a "balanced decision" to recover storm costs. Shares currently trade at approximately 13% price-to-earnings ratio discount to the group, which Crowdell calls "punitive" for a company with 6%-8% EPS growth and minimal regulatory risk.