Market Overview

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

Share:
Related LNT
7 Ways To Play An Improving Utilities Industry
Earnings Scheduled For February 22, 2016

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
Mar 2016Argus ResearchMaintainsBuy
Mar 2016BarclaysMaintainsOverweight
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for LNT
View the Latest Analyst Ratings

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

 

Related Articles (LNT)

View Comments and Join the Discussion!