BofA analyst Julien Dumoulin-Smith downgraded Alliant Energy to Neutral from Buy with a price target of $56, down from $57. The analyst is citing several critical updates for the company, which include the latest capital refresh and last week’s meeting of the Public Service Commission of Wisconsin. Dumoulin-Smith notes that the commission’s pushback on a rate settlement was "surprising" as relations among utilities, interveners, and members have historically been "constructive".
Published first on TheFly
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