Entergy downgraded to Neutral at BofA on Louisiana worries

BofA analyst Paul Zimbardo downgraded Entergy to Neutral from Buy with a price target of $119, down from $135, primarily due to unfavorable developments at the meeting of the Louisiana Public Service Commission in December, during which at least two commissioners made cautious comments about the company’s storm cost recovery prudency and reliability. Even just the potential that Entergy will not get full recovery of historical and prospective storm cost "shifts Louisiana to being a less constructive jurisdiction," Zimbardo tells investors.