Alliant Energy price target lowered to $55 from $56 at Wells Fargo

Wells Fargo analyst Neil Kalton lowered the firm’s price target on Alliant Energy to $55 from $56 on lower peer multiples, while keeping an Overweight rating on the shares following another year of successful execution. The firm likes the risk/reward as shares trade at modest 2%-3% price-to-earnings multiple premiums vs. peers.