BMO Capital raised the firm’s price target on Alliant Energy (LNT) to $68 from $66 and keeps a Market Perform rating on the shares. The company’s Q2 update was highlighted by adding economic development opportunities to its “mature opportunities” backlog, including another signed agreement in principle with QTS, the analyst tells investors in a research note. BMO adds that Alliant management expressed confidence that these projects have a high likelihood of coming to fruition.
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