Barclays Downgrades Alliant Energy to Equal-Weight, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Nicholas Campanella downgraded Alliant Energy (NASDAQ:LNT) from Overweight to Equal-Weight but increased the price target from $50 to $53.
January 02, 2024 | 10:27 am
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Barclays downgraded Alliant Energy's stock from Overweight to Equal-Weight, indicating a neutral outlook, but raised the price target from $50 to $53, suggesting a potential upside.
The downgrade to Equal-Weight suggests that Barclays believes Alliant Energy's stock performance will be in line with the market or sector average, which is a neutral stance. However, the increase in the price target implies that Barclays sees some potential for stock price appreciation. The mixed signals may lead to a neutral short-term impact on the stock price as investors digest both the downgrade and the increased price target.
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IMPORTANCE 75
RELEVANCE 100