Entergy price target raised to $140 from $130 at KeyBanc

KeyBanc analyst Sophie Karp raised the firm’s price target on Entergy to $140 from $130 and keeps an Overweight rating on the shares. The firm notes Entergy has reached a settlement with all parties in the SERI proceedings, bringing to rest one of the largest remaining overhangs on shares. Assuming Entergy is able to receive all the required approvals, KeyBanc believes investors will begin to appreciate the cleaner picture and long-term growth outlook.