Entergy price target lowered to $89 from $94 at BMO Capital

BMO Capital lowered the firm’s price target on Entergy (ETR) to $89 from $94 and keeps an Outperform rating on the shares. The firm expects relative performance to be driven by the possibility of a third consecutive quarter increasing the capital plan as well as any commentary from management on the potential impacts of tariffs, including the possibility of a recession and any readthroughs for its more industrial-heavy customer base, the analyst tells investors in a research note. BMO adds that its price target cut reflects mark-to-market relative to peer multiples.