Entergy price target lowered to $81 from $82 at Morgan Stanley

Morgan Stanley analyst David Arcaro lowered the firm’s price target on Entergy (ETR) to $81 from $82 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.