Wunderlich Securities Lowers Price Target On Alliant Energy

According to Wunderlich Securities, Alliant Energy LNT price target is lowered. Wunderlich Securities reported that it is reducing its 2013 EPS estimate for Alliant Energy (LNT) to $3.07 from $3.12 previously. “The reduction stems from some fine-tuning of our 2013 acquisition analysis of the Riverside power plant (previously published on March 14). Our revised 2013 EPS estimate remains below consensus. As investors digest a flatter earnings outlook for 2012, and hence lower EPS expectations, we believe the stock will stagnate on an absolute basis. Using a 12.4 average sector P/E multiple for 2013, we are revising our target price to $38 from $39 previously. We maintain our Hold rating on LNT. Our 2011 and 2012 EPS estimates are going up slightly to reflect lower capital costs.” Alliant Energy closed yesterday at $38.67.