Entergy price target raised to $135 from $131 at UBS

UBS raised the firm’s price target on Entergy to $135 from $131 and keeps a Buy rating on the shares. Entergy (ETR) continues to demonstrate strong execution, highlighted by increased capital investment plans and an upward revision to 2029 EPS guidance driven by large-scale data center and customer expansion opportunities, including Meta (META)-related demand, the analyst tells investors in a research note. While near-term EPS upside from these projects is slightly below some expectations, management signaled sustained growth momentum into 2030, supporting a constructive long-term earnings trajectory and reinforcing its position as a premium-growth utility, the firm says.