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Entergy Reaffirms 8%+ Annual EPS Growth Through 2029 → JPMorgan PT Raised to $111

Entergy reaffirmed its commitment to 8%+ annual EPS growth through 2029, supported by a $37 billion capital investment program focused on grid modernization and new generation capacity in its Gulf Coast regulated utility footprint. JPMorgan raised its price target to $111, reflecting confidence in the company's growing industrial and data center customer load along the Gulf Coast. Risks include potential hurricane damage to grid infrastructure, regulatory approval risk for large capital investments, and execution challenges in connecting new large load customers to the transmission grid.