Mizuho Securities Starts Entergy Corp (ETR) at Neutral

Mizuho Securities initiates coverage on Entergy Corp (NYSE: ETR) with a Neutral rating and a price target of $76.00.

Analyst James von Riesemann commented, "ETR shares face two key challenges: the industrial renaissance in its regulated Gulf Coast service territory is underpinned by a healthy energy market and weak dollar; and future investment and growth is tied to recovering commodity prices. Meanwhile, its mostly nuclear merchant fleet faces challenges from an abundance of natural gas and low pricing. That said, a large short interest could lift the shares in the near-term, but fundamental challenges likely remain. Initiate at Neutral with a $76 PT."

For an analyst ratings summary and ratings history on Entergy Corp click here. For more ratings news on Entergy Corp click here.

Shares of Entergy Corp closed at $70.10 yesterday.

You May Also Be Interested In

• Entergy Corp (ETR) PT Raised to $118 at BMO Capital
• Keurig Dr Pepper (KDP) PT Raised to $39 at Jefferies
• Jefferies Upgrades Husqvarna AB (HUSQB:SS) to Buy