Wells Fargo lowered the firm’s price target on Alliant Energy (LNT) to $65 from $66 and keeps an Overweight rating on the shares. A downward 2024 EPS revision and the decision to anchor the 5%-7% EPS CAGR off of the lower mid-point took a little away from an otherwise robust capex update, the firm says. Wells recommends investors look through the near-term noise.
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