Morgan Stanley Maintains Underweight on Entergy, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on Entergy (NYSE:ETR) but raises the price target from $100 to $109.
August 23, 2024 | 4:10 pm
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Morgan Stanley's analyst Stephen Byrd maintains an Underweight rating on Entergy, indicating a cautious outlook, but raises the price target from $100 to $109, suggesting some potential for price appreciation.
The Underweight rating suggests a cautious stance, indicating that the stock may underperform relative to peers. However, the raised price target to $109 suggests some potential for price appreciation, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100