Analyst Actions: Entergy Corp Estimates, Target Cut at Credit Suisse; Shares Edge Higher


Analysts at Credit Suisse have lowered their price target on shares of Entergy Corporation ( ETR ) to $68 from $73, while also lowering earnings estimates on the company. However, the firm left its Neutral rating on the stock unchanged.

"Despite rising O&M costs (an industry-wide issue), ETR is not making any decisions about the future of its nuclear fleet and is continuing to anticipate full operation of both Vermont Yankee and Indian Point, its most challenged units," said Credit Suisse.

The firm added that "combining the regulatory hurdles with earnings pressure at Wholesale, we think ETR shares will be range-bound until tangible catalysts can be identified in either direction."

The firm lowered their 2013, 2014 and 2015 estimates to $4.79, $4.89 and, $5, from $4.95, $5.14 and $5.47 respectively.

Shares of ETR are up 0.03% to $64.49 in mid-day trading, which is in the low end of the stock's 52-week range of $61.55 - $74.50.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: ETR

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by