BMO Capital analyst James Thalacker lowered the firm’s price target on Entergy to $114 from $120 but keeps an Outperform rating on the shares. The analyst cites the company’s view that the FERC order addressing the rehearing request in the SERI-related Sale-Leaseback and Uncertain Tax Position Docket r supports its original position that no further refunds or credits beyond those previously paid are required. The clarity of these major elements of the broader SERI overhang is a positive for the Entergy investment story as one of the larger potential liabilities has been potentially resolved, the firm tells investors in a research note.
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