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Investing.com - BMO Capital has raised its price target on Alliant Energy (NASDAQ:LNT) to $71.00 from $68.00 while maintaining a Market Perform rating on the stock. The utility company, with a market capitalization of $17.38 billion, has demonstrated strong momentum with a 17.16% return year-to-date and currently trades near its 52-week high of $69.16.
The firm expects Alliant Energy to report in-line results for the third quarter of 2025 when the company hosts its earnings call on November 7.
BMO Capital notes that Alliant’s upcoming comprehensive set of updates is likely to have a more significant impact on the company’s relative performance than the quarterly results themselves.
The research firm anticipates Alliant Energy will present another robust capital plan roll-forward and believes management aims to provide greater clarity regarding the company’s long-term growth rate.
BMO Capital adjusted its target price based on a sum-of-the-parts valuation and mark-to-market analysis, though it does not expect Alliant to raise its outlook to a linear or sustainable 6-8% compound annual growth rate.
In other recent news, Alliant Energy’s second-quarter results have been a focal point for analysts, leading to several adjustments in stock price targets. The company reported adjusted earnings per share of $0.68, surpassing consensus estimates of $0.64 and showing a significant increase from the previous year’s $0.54. Following these results, BofA Securities raised its price target for Alliant Energy to $70, highlighting the strong quarterly performance. Similarly, Mizuho increased its target to $70, emphasizing the company’s reaffirmed 2025 EPS guidance and growth rate. BMO Capital also adjusted its target to $68, noting the 19% year-over-year growth in earnings per share.
Jefferies has set a higher price target of $74, attributing it to anticipated guidance adjustments in the upcoming earnings report. Wolfe Research raised its target to $72, citing Alliant’s position in the regulated renewables sector, where wind and solar operations contribute significantly to earnings. These recent developments reflect a positive outlook from several firms, although Wolfe Research maintained an Underperform rating despite the target increase.
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