Alliant Energy shares are trading lower after BMO Capital downgraded the stock from Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
Alliant Energy's stock (LNT) trades lower following a downgrade by BMO Capital from Outperform to Market Perform.
January 11, 2024 | 7:28 pm
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NEGATIVE IMPACT
Alliant Energy's stock price is likely to experience short-term negative pressure due to the downgrade by BMO Capital from Outperform to Market Perform.
Analyst ratings often influence investor sentiment and can lead to immediate stock price movements. The downgrade from 'Outperform' to 'Market Perform' suggests that BMO Capital no longer sees the stock outperforming the market, which could lead to a decrease in investor confidence and a potential sell-off in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100