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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Read More on LNT:
- 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
- Alliant Energy narrows FY24 EPS view to $2.99-$3.06 from $2.99-$3.13
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