BUZZ-Jefferies raises PT on Alliant Energy, sees potential for strong EPS growth
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Brokerage Jefferies has raised the price target for Alliant Energyfrom $74 to $77, indicating a potential upside of 13.6%. The firm believes that Alliant's data center and large-load customer pipeline could lead to EPS growth exceeding guidance by 2029. Jefferies anticipates new power generation facilities will be added before 2027, supported by stronger capacity fees and energy/tax credits. Currently, 6 out of 12 brokerages rate the stock as "buy" or higher, with a median price target of $70. The stock has risen 14.5% year-to-date.
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