Entergy Corp (ETR) PT Raised to $96 at BMO Capital

BMO Capital analyst James Thalacker raised the price target on Entergy Corp (NYSE: ETR) to $96.00 (from $95.00) while maintaining a Outperform rating.

The analyst commented: "ETR reported EPS of $1.05 vs. $0.92/0.91 BMO/consensus estimates. However, for the third time in the previous four quarters, the quarterly results were (positively) overshadowed by the company raising its capital plan and out-year outlook ranges. The capital plan increased by +$3bn (8%) and the 2027/2028 outlook ranges increased by ~1.0%/~2.0%. Our 2025-2026 estimates are unchanged but our 2027-2029 estimates move to/from $4.90/$4.85, $5.40/$5.30, and $5.90/5.80 as we reflect today's updates. We maintain our Outperform rating and our SOTP/MTM target price moves to $96 on our updated estimates."

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