Credit Suisse has decided to maintain its Outperform rating of Entergy (NYSE:ETR) and lower its price target from $136.00 to $114.00.
Shares of Entergy are trading up 1.51% over the last 24 hours, at $104.01 per share.
A move to $114.00 would account for a 9.6% increase from the current share price.
About Entergy
Entergy is a holding company with five regulated integrated utilities that generate and distribute electricity to about 3 million customers in Arkansas, Louisiana, Mississippi, and Texas. It is one of the largest power producers in the country with approximately 23 gigawatts of regulated utility-owned power generation capacity. Entergy was the second- largest nuclear owner in the U.S. before it began retiring and selling its merchant plants in 2014. Entergy plans to retire its last non-rate-regulated nuclear plant in May.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
