Wells Fargo Reaffirms Buy Rating on Entergy (ETR) with $119 Target Price

AI Summary

On March 17, 2026, Wells Fargo analyst Neil Kalton maintained a 'Buy' rating on Entergy Corporation (NYSE: ETR) with a price objective of $119.00. Factors supporting this rating include anticipated durable earnings growth and undervaluation of the stock. Entergy is expected to benefit from new energy service agreements and investments in combined-cycle gas generation and regulated nuclear projects. Additionally, the company is positioned to meet increasing power demand from data centers and hyperscalers, contributing to potential EPS growth over time.