Barclays Maintains Equal-Weight on Entergy, Raises Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Nicholas Campanella has maintained an Equal-Weight rating on Entergy Corporation (NYSE:ETR) and increased the price target from $99 to $104. This adjustment reflects a positive outlook on the company's future performance.
January 02, 2024 | 10:53 am
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Barclays has maintained an Equal-Weight rating on Entergy and raised the price target from $99 to $104, indicating a positive sentiment towards the company's stock.
The increase in price target by Barclays suggests that the analyst sees potential for Entergy's stock to perform better than previously expected. While the Equal-Weight rating indicates a neutral stance, the higher price target could lead to increased investor confidence and a potential short-term uplift in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100