Jefferies Maintains Buy on Entergy (ETR)

Jefferies is out with its report today on Entergy ETR, maintaining Buy. In a note to clients, Jefferies writes, "We believe that Entergy's shares are attractive based on our sum-of-the-parts valuation, including P/E for the regulated utility subsidiaries and open EV/EBITDA for the company's merchant generation operations." Jefferies has a $77.50 PT on ETR. Shares of ETR closed Monday at $65.97.