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Wells Fargo Sticks to Their Buy Rating for Alliant Energy (LNT)

Tipranks - Tipranks - Wed May 20, 6:04AM CDT

In a report released on May 15, Shahriar Pourreza from Wells Fargo maintained a Buy rating on Alliant Energy, with a price target of $81.00. The company’s shares closed yesterday at $70.90.

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Pourreza covers the Utilities sector, focusing on stocks such as Sempra Energy, Eversource Energy, and Pinnacle West Capital. According to TipRanks, Pourreza has an average return of 7.5% and a 62.96% success rate on recommended stocks.

In addition to Wells Fargo, Alliant Energy also received a Buy from BMO Capital’s James Thalacker in a report issued on May 4. However, on the same day, Mizuho Securities maintained a Hold rating on Alliant Energy (NASDAQ: LNT).

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Based on Alliant Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.18 billion and a net profit of $224 million. In comparison, last year the company earned a revenue of $1.13 billion and had a net profit of $213 million

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