Jefferies Maintains a 'Hold' on Entergy Corp (ETR); Cutting Estimates After Pre-Announce

Jefferies maintains a 'Hold' on Entergy Corp (NYSE: ETR) price target of $69.00.

Analyst, Paul B. Fremont, said, "We are reducing our 1Q estimate by $0.55 to $0.45 and our full year 2012 estimate by $0.25 to $5.25 following the company's pre-release announcement. Our estimate changes include a $0.25 write off of regulatory assets and other unexplained items during the first quarter. Entergy also reduced its 2012 guidance to $4.85-$4.65 versus $5.40-$6.20 previously."

Jefferies maintains FY13/14 EPS estimate at $5.50/5.40.

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 $65.65 yesterday.

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