UPDATE: ISI Group Downgrades Entergy as Thesis is Not Panning Out as Anticipated

In a report published Monday, ISI Group analyst Greg Gordon downgraded the rating on Entergy (NYSE: ETR ) from Buy to Neutral, and lowered the price target from $70.00 to $64.00. In the report, ISI Group noted, “At EEI, ETR provided three valuable modeling parameters through '16. At their utilities