UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Entergy Corporation on Adjusted 2013 Quarter Estimates

In a report published Friday, Jefferies analyst Paul B. Fremont reiterated a Hold rating on Entergy Corporation ETR, and raised the price target from $65.00 to $71.00. In the report, Fremont noted, “We are adjusting our 2013 quarter estimates following the company's 1Q13 pre-release announcement. The company's annual 2013 guidance remains unchanged at $4.60-$5.40. Entergy reiterated 2013 guidance, but is no longer guiding to the low end of the range.” Entergy Corporation closed on Thursday at $70.29.