Soleil Securities Maintains a 'Buy' on Entergy Corp. (ETR); Lowers Estimates

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ETR Hot Sheet

Rating Summary:
1 Buy, 10 Hold, 2 Sell

Rating Trend: Down

Down

Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23

Soleil Securities maintains a 'Buy' on Entergy Corp. (NYSE: ETR), price target $86.

Soleil analyst says, "The initial look at 2010 with a guidance range of $6.40-7.20 has a midpoint near Thomson consensus of $6.77. We are lowering our above-consensus 2010E from $7.05 to $6.75. We believe the detailed guidance showing growth in 2010, the additional stock buyback, plus major free cash flow and investment opportunities in 2010-12, along with the possible spin-off of the nuclear unit (decision expected around January) - all should be positive for the stock. We continue to like ETR stock as a financially sound, well-managed play on economic recovery and natural gas prices. We expect further color at our lunch with CEO Wayne Leonard and top management on Monday 11/2."

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Entergy Corporation, together with its subsidiaries, operates as an integrated energy company.