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Enter Symbol:
Rating: ETR
Sell $59

Entergy Corporation (NYSE: ETR) downgraded to Sell with price target $59 by UBS

Thursday,  Sep 24, 2015  12:25 PM ET by Dave Ficere

UBS downgraded Entergy Corporation (NYSE: ETR) to Sell with price
target $59. Previously UBS rated Neutral with price target $79 Entergy Corporation (NYSE: ETR) on 06/11/2014, when the stock price was $77.42.

Entergy Corporation (Entergy) is an integrated energy company engaged primarily in electric power production and retail electric distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity and Entergy is a nuclear power generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. The Company operates through two business segments: Utility and Non-Utility Nuclear. Entergy also operates the non-nuclear wholesale assets business. The non-nuclear wholesale assets business sells to wholesale customers the electric power produced by power plants that it owns. In March 2008, Entergy Gulf States Louisiana, L.L.C. acquired the Calcasieu Generating Facility. In September 2008, Entergy Arkansas Inc. acquired the Ouachita Plant.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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