Entergy price target raised to $93 from $89 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Entergy (ETR) to $93 from $89 and keeps an Outperform rating on the shares after its Q1 earnings beat. Following two consecutive upward quarterly revisions to its capital plan/earnings outlook, the company’s release was “understandably quiet”, but while investors were not explicitly expecting a data center announcement with Q1 call, press reports around siting approval for the Hut 8 data center in LA and a recent article highlighting plans for a $1.0B data center in Conway, AR were likely top of mind for investors, the analyst tells investors in a research note.