BMO Capital raised the firm’s price target on Entergy (ETR) to $118 from $112 and keeps an Outperform rating on the shares. The firm cites the company’s new agreement with Meta (META) announced on Friday supporting its hyperscale data center development in Northeast Louisiana, the analyst tells investors in a research note. BMO adds that it sees several positive aspects to Entergy, as the company executes on its improving resilience efforts and deploys regulatory capital under formulaic rate plans with visibility and underlying support from customer decarbonization.
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