Wells Fargo Starts Alliant Energy (LNT) at Market Perform; Valuation Reflects Solid Fundamental Outlook

Wells Fargo initiates coverage on Alliant Energy (NYSE: LNT) with a Market Perform.

Wells analyst says, "Our 11-13 EPS estimates are $2.85, $2.90 & $3.05. Positive attributes include attractive EPS growth prospects driven by regulated infrastructure investment opportunities and constructive regulatory environments. Our neutral rating primarily reflects valuation considerations. Our 12-18 month valuation range of $43-44/share is based on a P/E multiple (14.0X our 13E EPS of $3.05) and dividend discount analysis, and includes an incremental $0.75-1.00/share to reflect the estimated value of LNT's interest in 100 MW of wind turbines."

For more ratings news on Alliant Energy click here and for the rating history of Alliant Energy click here.

Shares of Alliant Energy closed at $40.51 yesterday.

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