Argus raised the firm’s price target on Entergy to $130 from $120 and keeps a Buy rating on the shares. The firm is positive on the company’s strategy of investing in regulated utilities to replace aging infrastructure and improve reliability, also citing Entergy’s pipeline of planned renewable projects growing, with over 4,500 MW in the construction/RFP phase, up from 875 MW at the end of 2019, the analyst tells investors in a research note.
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 $109 from $100 at Morgan Stanley
- Entergy price target raised to $119 from $115 at Scotiabank
- Entergy price target raised to $131 from $124 at BMO Capital
- Entergy Unveils Q2 Financial Performance and Health
- Entergy backs FY24 adjusted EPS view $7.05-$7.35, consensus $7.21