Entergy (ETR) Price Target Trimmed to $86 by Analyst

Core Insights - Entergy Corporation (NYSE:ETR) is recognized as one of the best utility stocks to invest in according to hedge funds [1] - Morgan Stanley has reduced its price target for Entergy from $91 to $86 while maintaining an 'Equal Weight' rating, indicating a cautious outlook on the stock [3] Group 1: Company Overview - Entergy Corporation is an integrated energy company serving approximately 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas [2] Group 2: Recent Developments - Entergy has initiated the construction of two new combined-cycle combustion turbine generation facilities, approved by the Louisiana Public Service Commission, with a total capacity of 1.5 GW [4] - These new power plants are expected to support Meta's planned data center in Louisiana and are projected to save customers around $650 million, contributing to lower utility bills in the region [4] Group 3: Market Position and Future Outlook - Entergy has been included in a list of energy stocks suitable for retirement portfolios, although some analysts suggest that certain AI stocks may offer better upside potential with less risk [5]