Alliant Energy price target raised to $78 from $72 at BMO Capital

BMO Capital raised the firm’s price target on Alliant Energy (LNT) to $78 from $72 and keeps an Outperform rating on the shares after its Q4 results. The company signed a new Energy Service Agreement to relocate the QTS greater Madison project to IA and the consolidated capital plan was unchanged, the analyst tells investors in a research note. BMO adds that its Oupterform thesis reflects the timing of the regulatory calendar and potential upward revisions to EPS growth.