Wells Fargo analyst Neil Kalton maintains $Alliant Energy (LNT.US)$ with a buy rating, and maintains the target price at $65.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 8.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alliant Energy (LNT.US)$'s main analysts recently are as follows:
Alliant Energy's Q3 earnings surpassed expectations, despite a miss on the initial forecast for FY25. The revision of the 2024 outlook may have caught investors off guard; however, this adjustment is primarily due to the combined effects of weather-related challenges and singular compensations, both expected to normalize in 2025. Furthermore, Alliant management's projections are noted to be on the cautious side, leaving room for potential positive revisions in the future.
A revision in the 2024 EPS forecast and the choice to base the 5%-7% EPS compound annual growth rate off of a reduced mid-point slightly overshadowed what was an otherwise significant update on capital expenditures. It is suggested that investors look 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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