KeyBanc Lowers Price Target for Entergy Corporation to $102, Maintains Overweight Rating
KeyBanc has lowered its price target for Entergy Corporation from $106 to $102 while maintaining an Overweight rating, citing the company's strong growth narrative bolstered by recent equipment acquisitions. The firm noted positive discussions with potential clients and highlighted the premium value of vertically integrated utilities in the data center sector, positioning Entergy as a top choice for long-term investors.
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KeyBanc has reduced its price target for Entergy Corporation (NYSE:ETR) from $106 to $102 while retaining an Overweight rating. The firm noted that Entergy's growth narrative remains strong, supported by recent equipment acquisitions to attract new clients.
KeyBanc highlighted ongoing positive discussions with potential customers and emphasized that vertically integrated utilities involved in the data center sector command a premium over competitors. The firm recognizes Entergy as a top choice for long-term investors, suggesting the stock still has growth potential.
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