Scotiabank analyst Andrew Weisel maintains $Alliant Energy (LNT.US)$ with a buy rating, and maintains the target price at $64.
According to TipRanks data, the analyst has a success rate of 68.3% and a total average return of 9.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alliant Energy (LNT.US)$'s main analysts recently are as follows:
Following Alliant Energy's third-quarter earnings surpassing expectations, but coupled with a less than favorable initial forecast for FY25, there has been a reaction among investors. The revised outlook for 2024, which appeared to catch investors off guard, was mainly the result of weather-related challenges and one-time factors, which are expected to normalize by 2025. Additionally, Alliant's management has taken a cautious stance with their projections, leaving room for potential upward revisions in the future.
A recent adjustment in the 2024 EPS forecast and the choice to base the 5%-7% EPS CAGR on a reduced mid-point slightly diminished the impact of a substantial capex update. Investors are advised to see beyond the immediate fluctuations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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