Entergy price target raised to $131 from $124 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Entergy to $131 from $124 and keeps an Outperform rating on the shares. The company’s Q2 results materially beat expectations, but more importantly, Entergy – Louisiana had reached an agreement on its current/prior FRPs and its remaining SERI litigation, the analyst tells investors in a research note. BMO continue to see an opportunity for additional multiple expansion with this week’s announced regulatory resolutions, the firm added.