Morgan Stanley Maintains Underweight on Entergy, Raises Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Underweight rating on Entergy (NYSE:ETR) but increased the price target from $92 to $94.

November 21, 2023 | 2:27 pm
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Morgan Stanley reaffirmed an Underweight rating on Entergy but raised its price target from $92 to $94, indicating a slightly more positive outlook.
The increase in price target from $92 to $94 by Morgan Stanley suggests a slightly more positive outlook on Entergy's stock, but the Underweight rating indicates that the analyst still believes the stock may underperform the broader market or sector. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100