Entergy upgraded to Buy at BofA after ‘series of positives’

As previously reported, BofA upgraded Entergy to Buy from Neutral with a price target of $110, up from $94, following what the analyst calls a “positive financial update” at this year’s Edison Electric Institute conference. Entergy has also had a “series of positives” in 2023, but shares are flat year-to-date versus peers, so the firm now sees a better risk/reward, the analyst added.