KeyBanc downgraded Entergy (ETR) to Sector Weight from Overweight without a price target The firm cites valuation for the downgrade. While the company’s geographical and regulatory positioning will allow for attractive, above-average growth rates, the current valuation is reflecting this at the moment, the analyst tells investors in a research note. KeyBanc sees the current thesis as played out and prefers to focus on more discounted names with more attractive risk/reward for the time being.
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Read More on ETR:
- Entergy price target lowered to $145 from $150 at Morgan Stanley
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- Entergy price target raised to $165 from $138 at Mizuho
- Entergy downgraded to Neutral from Buy at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
