UPDATE: ISI Group Reiterates Hold Rating, Lowers PT on Entergy Corporation

In a report published Wednesday, ISI Group reiterated its Hold rating on Entergy Corporation

, but lowered its price target from $73.00 to $71.00. ISI Group noted, “The stock looks fully priced given potential earnings head-winds at the core utility, regulatory uncertainty regarding MISO/ITC approvals, the low power price environment and the persistent legal/regulatory uncertainty regarding Indian Point nuclear plant re-licensing at EWC. We are lowering our EPS forecast and our target price from $73 to $71.” Entergy Corporation closed on Tuesday at $69.40.