Wall Street Analysts Are Bearish on Top Utilities Picks

Analysts are pulling back from the Utilities sector as 2 experts expressed today bearish sentiments on XPLR Infrastructure (XIFR – Research Report) and Alliant Energy (LNT – Research Report).

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XPLR Infrastructure (XIFR)

In a report released yesterday, Christine Cho CFA from Barclays maintained a Sell rating on XPLR Infrastructure, with a price target of $11.00. The company’s shares closed last Monday at $10.34, close to its 52-week low of $7.97.

CFA has an average return of 2.6% when recommending XPLR Infrastructure. ;'>

According to TipRanks.com, CFA is ranked #8954 out of 10083 analysts.

XPLR Infrastructure has an analyst consensus of Hold, with a price target consensus of $12.00, implying a 15.8% upside from current levels. In a report issued on October 8, Morgan Stanley also maintained a Sell rating on the stock with a $11.00 price target.

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Alliant Energy (LNT)

In a report released today, Nicholas Campanella from Barclays maintained a Sell rating on Alliant Energy, with a price target of $65.00. The company’s shares closed last Monday at $67.66.

According to TipRanks.com, Campanella is a 5-star analyst with an average return of 13.3% and a 71.0% success rate. Campanella covers the Utilities sector, focusing on stocks such as American Electric Power, Pinnacle West Capital, and Edison International. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliant Energy with a $70.44 average price target.

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