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LNT Alliant Energy News Story

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UtilitiesConservativeLarge CapNeutral

Jefferies raises PT on Alliant Energy, sees potential for strong EPS growth

** Brokerage Jefferies raises price target on utility firm Alliant Energy LNT.O to $77 from $74

** The new price target represents a 13.6% upside to the stock's last close

** Brokerage says LNT's data center and large-load customer pipeline creates opportunity to achieve EPS growth above high-end of guidance by 2029

** Brokerage expects utility to add new power generation facilities before 2027, helped by stronger capacity fees and energy/tax credits

** 6 of 12 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; their median PT is $70

** Up to last close, stock was up 14.5% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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