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 62.6% and a total average return of 11.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alliant Energy (LNT.US)$'s main analysts recently are as follows:
Alliant Energy experienced a mixed quarter with a Q3 earnings beat but a less than favorable outlook for FY25. The reduction in the 2024 outlook took investors by surprise, a sentiment primarily driven by the combined effects of weather-related challenges and non-recurring factors, which are expected to normalize by 2025. Additionally, Alliant's management predictions are on the cautious side, allowing for the possibility of future positive revisions.
A revision in the 2024 EPS forecast and the choice to base the 5%-7% EPS CAGR on the lower mid-point slightly overshadowed what was an otherwise substantial capex update. Analysts suggest investors focus beyond the short-term disturbances.
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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