Entergy price target raised to $113 from $110 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Entergy to $113 from $110 and keeps an Outperform rating on the shares. The stock is trading at a 10% discount to its peers while offering investors one of the sector’s few remaining GARP/relative value opportunities that does not have significant downside tail risk, the analyst tells investors in a research note. This discount can continue to narrow as Entergyy continues to execute on its long-term plan, BMO added.