Goldman Sachs Reiterates ETR Neutral Rating

Goldman Sachs has issued a report reiterating a Neutral Rating on Entergy Corp. ETR following a lowered EPS. According to the report, "Ahead of the ETR's (Neutral) 1Q2011 earnings report and analyst day, we update our 2011-2013E EPS from $6.59/$5.95/$5.77 to $6.66/$5.83/$5.72. Our normalized 2014E EPS is now $7.04, was $7.16. Our revised forecasts reflect: (1) higher O&M expense growth at Entergy Wholesale Commodities, the nuclear segment and (2) updated rate base forecasts for the utility segment, which now are in-line with guidance." ETR has a $71 Price Target and closed at $67.34 yesterday.