Scotiabank Upgrades Alliant Energy to Sector Outperform, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel has upgraded Alliant Energy (NASDAQ:LNT) from Sector Perform to Sector Outperform, but lowered the price target from $60 to $59.
October 16, 2023 | 2:12 pm
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Alliant Energy's stock rating has been upgraded by Scotiabank, which could attract more investors. However, the price target has been lowered, indicating a potential decrease in stock value.
The upgrade in Alliant Energy's rating to Sector Outperform could attract more investors, potentially driving up the stock price. However, the lowering of the price target from $60 to $59 indicates that the analyst believes the stock may not perform as well as previously expected, which could put downward pressure on the stock price.
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