UBS analyst William Appicelli upgraded Alliant Energy (LNT) to Buy from Neutral with a price target of $79, up from $74. The firm sees the company’s load growth, capital expenditure increase and regulatory alignment driving upside in the shares. Alliant has a “unique” position to capitalize on the additional load and generation investment required to meet surging data center demand, the analyst tells investors in a research note. It views the stock as undervalued at current levels.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNT: