Entergy price target lowered to $102 from $106 at KeyBanc

KeyBanc lowered the firm’s price target on Entergy (ETR) to $102 from $106 and keeps an Overweight rating on the shares. The firm believes Entergy’s growth story remains intact, and the company remains well positioned as it has procured the equipment necessary to support new customers as it continues to engage in constructive conversations with potential customers. Vertically integrated utilities levered to the data center trend are commanding a premium to peers, and KeyBanc views Entergy as one of the best companies for long-term-minded investors. Therefore, the firm believes there remains upside to shares.