Entergy price target raised to $131 from $114 at Jefferies

Jefferies analyst Paul Zimbardo raised the firm’s price target on Entergy (ETR) to $131 from $114 and keeps a Buy rating on the shares. Entergy remains near recent highs after the March 27 revised Meta (META) agreement and the March 25 Evest filing, notes the analyst. Entergy has moved past whether it can attract large load growth, but Project Evest “makes the next question whether that growth can be converted into ratebased earnings without weakening affordability, execution, or credit,” the analyst tells investors.