Alliant Energy price target raised to $71 from $68 at BMO Capital

BMO Capital raised the firm’s price target on Alliant Energy (LNT) to $71 from $68 and keeps a Market Perform rating on the shares ahead of its Q3 results. The firm expects the company to report in-line Q3 results, though its anticipated comprehensive set of updates is likely to be far more impactful to relative performance, the analyst tells investors in a research note. BMO adds that it expects another robust capital plan roll-forward and believes that the management is aiming to provide more clarity around the long-term growth rate, even though at this point, an increase to outlook is not likely.