Alliant Energy Corporation (LNT) Maintains Buy Rating And $35 Price Target
By Benzinga Staff
March 19, 2010 9:00 AM
March 19, 2010 9:00 AM
Symbols: LNT
Posted in: Analyst Color, Analyst Ratings
Analysts James L. Dobson and Ian P. Fleischer at Wunderlich Securities have released an update on Alliant Energy Corporation (NYSE: LNT).
Alliant Energy filed an Iowa rate case on March 10. The company is requesting for a rate increase of $163 million, or about 14%, which is being driven by investments in wind power and environmental remediation. On March 17, the company received a letter from Iowa Governor Chet Culver in which the Governor requested a delay in the interim rate increase. Although there was negative reaction from investors on the news, analysts believe the situation is different.
Analysts at Wunderlich Securities have maintained their Buy rating and $35 price target for Alliant Energy Corporation.
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