Information Provided By: 
Fly News Breaks for September 9, 2019
ETR
Sep 9, 2019 | 06:40 EDT
JPMorgan analyst Christopher Tenure upgraded Entergy to Overweight from Neutral and raised his price target for the shares to $116 from $105. Unlike some of its large premium valuation peers, Entergy has potential for both high rate base growth and improving earned returns on equity, Tenure tells investors in a research note. He believes excess rate base growth is enabled by securitization roll-off, cost control and low customer bills versus the average. Entergy's "clean proforma story" is not reflected in its "discounted" valuation, says Tenure.
News For ETR From the Last 2 Days
ETR
Apr 25, 2024 | 06:18 EDT
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.
ETR
Apr 24, 2024 | 07:07 EDT
ETR
Apr 24, 2024 | 07:06 EDT
"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."
