Entergy price target raised to $118 from $100 at Argus

Argus raised the firm’s price target on Entergy (ETR) to $118 from $100 and keeps a Buy rating on the shares. The company’s solid fundamentals can help the shares fully participate in sector momentum once interest rates decline, the analyst tells investors in a research note. Entergy’s larger commercial customer base than some peers and data center interest in the area have also been strong, Argus added, further noting that the company has a solid balance sheet and can fund a robust infrastructure, renewable, and transmission investment pipeline.