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UPDATE: D.A. Davidson Reiterates Buy Rating, Lowers PT on Alliant Energy Corporation

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In a report published Monday, D.A. Davidson & Co. reiterated its Buy rating on Alliant Energy Corporation (NYSE: LNT), but lowered its price target from $53.00 to $51.00.

D.A. Davidson noted, “We are reducing our price target from $53 to $51 to reflect the recent multiple contraction across the industry. Our target equates to 16.3x our 2013 EPS estimate. We continue to believe Alliant's superior growth profile and favorable regulatory backdrop justify a modest premium valuation.”

Alliant Energy Corporation closed on Friday at $43.70.

Latest Ratings for LNT

DateFirmActionFromTo
Nov 2016GuggenheimInitiates Coverage OnNeutral
Aug 2016Argus ResearchMaintainsBuy
Jun 2016BarclaysDowngradesOverweightEqual-Weight

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Posted-In: D.A. Davidson & Co.Analyst Color Price Target Analyst Ratings

 

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