Alliant Energy initiated with a Neutral at Ladenburg

Ladenburg analyst Paul Fremont initiated coverage of Alliant Energy with a Neutral rating and $52.50 price target. The analyst believes Alliant is well positioned in the current high interest rate environment to benefit from the Inflation Reduction Act, which allows the company to monetize its production tax credits from renewables through third party sales. That said, the company’s premium growth and track record is already factored into its current trading multiple, the analyst tells investors in a research note.