Entergy price target raised to $96 from $88 at KeyBanc

KeyBanc raised the firm’s price target on Entergy (ETR) to $96 from $88 and keeps an Overweight rating on the shares. The firm notes shares outperformed the index following Q2 results well ahead of consensus. While the company reaffirmed its 2025 guidance and over 8% EPS growth rate through 2028, the company raised its EPS ranges for 2027 and 2028 and increased its capital plan by $3B. The increase to the capital plan is supported by recent customer discussions in AR, and Entergy expects to make the respective filings in the coming weeks. The company continues to see strong economic activity across industries. These updates validate KeyBanc’s longstanding thesis on Entergy, and the firm continues to see upside, given attractive growth runway in Entergy’s territories.