Wunderlich Maintains Hold On Alliant Energy Corporation (LNT)

Wunderlich Securities has a Hold rating on shares of Alliant Energy Corporation LNT, as well as a $39 price target on shares.

In a note to investors, Wunderlich writes, "Alliant Energy (LNT) released a new investor presentation on Friday in preparation for meetings with European investors this week. The new presentation offered lower average ratebase figures than previously disclosed (and those which we were assuming). The lower average ratebase for 2011 and 2012 is causing us to reduce our earnings estimates for those years. We are also adjusting our 2013 forecast slightly lower. Our new EPS estimates are $2.79, $2.82 and $3.12 for 2011, 2012 and 2013, respectively. The most significant decline is in 2012 – down from $3.01 previously. Based on our 2013 earnings expectations, we are maintaining our Hold rating and $39 price target on LNT."

Shares of LNT lost 8 cents on Friday to close at $39.78, a loss of 0.2%.