Jefferies Downgrades Entergy Corp (ETR) to Hold On ITC Sale Risk
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Price: $107.84 +0.87%
Rating Summary:
21 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
21 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies downgraded Entergy Corp (NYSE: ETR) from Buy to Hold with a price target of $75 (down from $82).
The firm cited a revised assessment of regulatory risk associated with the company's proposed sale of transmission assets to ITC. "Entergy testimony in its Arkansas RTO proceeding may complicate approval of its ITC transaction in Arkansas and other states."
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 $70.70 yesterday.
The firm cited a revised assessment of regulatory risk associated with the company's proposed sale of transmission assets to ITC. "Entergy testimony in its Arkansas RTO proceeding may complicate approval of its ITC transaction in Arkansas and other states."
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 $70.70 yesterday.
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