Deutsche Bank Downgrades Entergy (ETR) to Sell
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Deutsche Bank downgrades Entergy Corp. (NYSE: ETR) Hold to Sell, saying Street estimates are too high.
The firm lowered their estimates, which are now ~10%-17% below the consensus for '09 and beyond. They said, "Substantial decreases in natural gas and power prices, weak utility earnings near term combined with muted longer term growth prospects are the main drivers of worse than expected profitability for ETR."
Deutsche Bank prefers PPL Corporation (NYSE: PPL) and Allegheny Energy Inc. (NYSE: AYE) in the group.
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ESHAQ on Mar 11, 2009 05:18 AMمن از افغانستان استم و در كابل زنده كي ميكيم