Jefferies lowers PT on Alliant Energy
LNT•Jefferies trims price target while keeping buy rating
Jefferies trims its price target on electric and natural gas services provider Alliant Energy LNT.O while maintaining its rating at buy.
- The brokerage lowers its price target to $80 from $86, still implying a 16% upside to the stock's last close.
- It says LNT could raise EPS guidance, with incremental data center announcements likely by the end of the year.
- 8 of 14 brokerages rate the stock buy and 6 rate it hold; the median price target is $78.75, according to data compiled by LSEG.
- As of the last close, the stock had risen about 6% year to date.
