In a report published Monday, Citigroup analyst Shahriar Pourreza reiterated a Neutral rating on Entergy ETR, but lowered the price target from $74.00 to $69.00.
In the report, Citigroup noted, “We rate the shares of Entergy Corporation Neutral (2). Entergy's investment outlook is influenced by 1) natural gas and power prices, 2) whether its merchant nuclear plants in Vermont and New York overcome local opposition to their continued operation, and 3) whether its value-enhancing proposed asset sale to ITC can get a multitude of state approvals. Indian Point and Vermont Yankee will likely continue to be an overhang on shares for some time while the court challenges, environmental permits, and NRC operating license extensions are hashed out, but we believe the risk is well understood by Investors and baked into shares at this point.”
Entergy closed on Friday at $66.90.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.