BMO Capital lowered the firm’s price target on Alliant Energy (LNT) to $61 from $65 and keeps a Market Perform rating on the shares after its Q3 earnings beat along with a miss on its initial FY25 guidance. Investors may have been surprised by the 2024 outlook revision lower, though this was largely attributable to the net impact of weather headwinds and one-time offsets that both should reverse in 2025, the analyst tells investors in a research note. Alliant management’s forecast also remains conservative and could be revised upward over time, BMO added.
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Read More on LNT:
- Alliant Energy price target lowered to $65 from $66 at Wells Fargo
- Alliant Energy Reports Strong Third Quarter Results
- Alliant Energy increases 2025 annual dividend target 6% to $2.03 per share
- Alliant Energy sees FY24 CapEx $2.025B, FY25 CapEx $2.205B
- Alliant Energy reports Q3 adjusted EPS $1.20, consensus $1.10