BMO Capital analyst James Thalacker maintains $Alliant Energy (LNT.US)$ with a hold rating, and adjusts the target price from $60 to $61.
According to TipRanks data, the analyst has a success rate of 63.3% and a total average return of 12.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alliant Energy (LNT.US)$'s main analysts recently are as follows:
Investors may have been taken aback by the revision of Alliant Energy's 2024 outlook, though this shift primarily stems from the combined effects of challenging weather conditions and singular compensations, which are expected to normalize in 2025. Additionally, the company's management maintains a cautious forecast that may see upward revisions in the future.
A slight adjustment to the 2024 earnings per share forecast and the choice to base the 5%-7% earnings per share compound annual growth rate on a lower mid-point slightly diminished the positive perception of an otherwise strong capital expenditure update. It is suggested that investors look beyond the short-term disturbances.
Note:
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