KeyBanc raised the firm’s price target on Entergy (ETR) to $143 from $140 and keeps an Overweight rating on the shares. The firm notes the discount on shares of Entergy have narrowed relative to peers, trading at less than a 0.5-times discount. Given the removal of the largest overhang on shares following a settlement with all parties in the SERI proceedings, KeyBanc believes Entergy shares are deserving of a premium, as the company is well positioned to benefit from strong industrial sales on the Gulf Coast and a need to invest in a more reliable and resilient system.
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Read More on ETR:
- Entergy price target raised to $140 from $131 at BMO Capital
- Entergy price target raised to $140 from $137 at RBC Capital
- Entergy price target lowered to $137 from $138 at Barclays
- Entergy price target raised to $140 from $130 at KeyBanc
- Entergy Group President Roderick K. West Announces Retirement Plan
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