Entergy cut to Sell equivalent at Morgan Stanley on climate change risk
Publish Date: 1/6/2022
News Source: Seeking Alpha
Morgan Stanley … downgrades Entergy to Underweight from Equal Weight with a $106 price target, citing “concerns about customer bill pressure and negative regulatory responses to physical damage from climate changes… As the frequency and magnitude of storm damages persists, the impact of the securitizations will become apparent in customer bills, which will inhibit longer-term capex plans and thus lower future EPS growth.”
