Jefferies Maintains a 'Hold' on Entergy Corp (ETR); Raising Estimates, but Fairly Valued

Jefferies maintains a 'Hold' on Entergy Corp (NYSE: ETR) price target of $71.00 (from $70.00).

Analyst, Paul B. Fremont, said, "We are increasing our 2Q12 EPS estimate by $0.70 to $2.10 following the company’s pre-release announcement of July 17, 2012. The company anticipates operating earnings of $2.10 during the quarter versus $1.76 last year...Utility earnings are expected to be higher than last year driven by an agreement reached with the IRS regarding storm cost financings in Louisiana. The resolution of this tax item will significantly reduce utility taxes incurred during the quarter."

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 $70.45 yesterday.

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