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Fly News Breaks for November 22, 2016
ETR
Nov 22, 2016 | 08:55 EDT
As previously reported, BofA/Merrill downgraded Entergy to Underperform from Neutral and lowered its price target to $64 from $76. Analyst Brian Chin sees greater risk to utility valuations based on an increased inflationary view. BofA/Merrill now expects the 10 year Treasury yield to be 2.65% by year end 2017, resulting in 8% downside risk to utility valuations, and as much as 17% downside risk if the yield rises to 3%, the analyst wrote. Specifically, Chin said Entergy has recent subpar nuclear operating performance.
News For ETR From the Last 2 Days
ETR
Apr 19, 2024 | 06:30 EDT
ETR
Apr 18, 2024 | 17:19 EDT
On April 18 Entergy New Orleans and the Council of the City of New Orleans entered into a settlement in principle whereby Entergy New Orleans commits to increase the customer sharing of income tax benefits from the 2016-2018 IRS audit resolution from $60M to $138M, a $78M increase. The settlement in principle also provides for the retail rate-making treatment of the total customer credit
