Market Overview

UPDATE: Wunderlich Securities Downgrades Alliant Energy Corporation; Deferred Taxes Slow Growth

Share:

Wunderlich Securities lowers its rating on Alliant Energy Corporation (NYSE: LNT) from Buy to Hold and lowers its price target from $47 to $45.

Wunderlich Securities notes, "The company disclosed on Friday that a growing deferred tax balance would slow the expected growth in Wisconsin regulated rate base through 2014, which will in turn slow the projected earnings growth. We now expect 5% annual earnings growth off of a 2011 EPS base, rather than the 7% we expected previously. Though this growth still has below-average regulatory risk, a similar impact on Iowa rate base is possible when the rate freeze expires in 2013."

LNT closed at $43.90 on Friday.

Posted-In: Wunderlich SecuritiesAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (LNT)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→