Entergy affirms FY13 EPS view $4.60-$5.40, consensus $4.93 Entergy noted it currently expects to be in the lower half of the operational guidance range due to updated pension and post-retirement cost estimates. As-reported earnings guidance for 2013 does not reflect potential future expenses for the proposed spin-merge of the transmission business with ITC. The as-reported 2013 guidance will be updated throughout the year as these transaction-related expenses are incurred.
Entergy downgraded to Sell from Neutral at Goldman Goldman downgraded Entergy to Sell due to below consensus estimates due to sower regulated growth at the regulated segment and lower Northeast power prices in the non-regulated business. The firm's price target is $68 on shares.