Entergy price target raised to $88 from $85 at KeyBanc

KeyBanc raised the firm’s price target on Entergy (ETR) to $88 from $85 and keeps an Overweight rating on the shares. The firm believes the company is well positioned to benefit from strong industrial sales on the Gulf Coast in addition to the ongoing AI demand. Entergy presents an attractive growth story, demonstrated by its long-term EPS CAGR of over 8%, which leads the industry, KeyBanc adds. Entergy’s growth story remains intact, in KeyBanc’s view, and it attributes the recent pullback in the shares to profit-taking/exposure reductions and sees it as an attractive entry point for long-term-minded investors.