Entergy initiated with a Market Perform at Raymond James

Raymond James analyst J.R. Weston initiated coverage of Entergy (ETR) with a Market Perform rating. Entergy has been an “exceptional” stock performer in the large-cap electric utilities space, benefiting from its jurisdiction’s friendly environment for hyperscalers, with project wins such as AWS (AMZN) and Meta (META) fueling its run, the analyst tells investors in a research note. While the firm appreciates the “compelling” growth outlook, Raymond James sees the “easy gains” already in the stock.