Alliant Energy price target raised to $58 from $53 at Scotiabank

Scotiabank analyst Andrew Weisel raised the firm’s price target on Alliant Energy to $58 from $53 and keeps an Outperform rating on the shares. The firm is impressed with the June IA rate case settlement, which de-risks the regulatory outlook while providing upside potential to long-term earnings, the analyst tells investors. Further, management sounded upbeat about data center and other manufacturing opportunities, the firm adds.