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RBC Capital Sticks to Their Buy Rating for Alliant Energy (LNT)

Tipranks - Tipranks - Thu Apr 30, 9:16PM CDT

RBC Capital analyst Stephen D’Ambrisi maintained a Buy rating on Alliant Energy on April 28 and set a price target of $82.00. The company’s shares closed yesterday at $72.46.

Claim 55% Off TipRanks

According to TipRanks, D’Ambrisi is a 3-star analyst with an average return of 11.0% and an 88.89% success rate. D’Ambrisi covers the Utilities sector, focusing on stocks such as Exelon, Alliant Energy, and WEC Energy Group.

Currently, the analyst consensus on Alliant Energy is a Moderate Buy with an average price target of $76.29, a 5.29% upside from current levels. In a report released on April 22, BMO Capital also maintained a Buy rating on the stock with a $78.00 price target.

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Based on Alliant Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.06 billion and a net profit of $142 million. In comparison, last year the company earned a revenue of $976 million and had a net profit of $150 million

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