UBS analyst Daniel Ford upgraded Entergy to Buy and raised his price target for the shares to $92 from $85. The stock no longer warrants a discount associated with nuclear decommissioning and operating performance risk, Ford tells investors in a research note. He says improving operating performance of the regulated nuclear fleet, along with the proposed sale of Pilgrim and Palisades nuclear plants, has increased his confidence in Entergy's ability to successfully manage its nuclear risk exposure going forward. The analyst sees over 15% total return potential.

Wells Fargo raised the firm's price target on Entergy to $122 from $115 and keeps an Overweight rating on the shares. The firm thinks recent positive regulatory developments plus Entergy's compelling long-term load growth outlook warrant a price to earnings multiple re-rating.

"We made very important regulatory progress in recent weeks that will deliver meaningful value for customers and provide certainty for all stakeholders," said Drew Marsh, Entergy chair and CEO. "We remain squarely on track with clear line of sight to achieve our commitments in 2024 and beyond."