B of A Securities Downgrades ALLETE to Underperform, Lowers Price Target to $54
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Julien Dumoulin-Smith downgraded ALLETE (NYSE: ALE) from Neutral to Underperform and lowered the price target from $63 to $54.
June 27, 2023 | 10:16 am
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NEGATIVE IMPACT
ALLETE (NYSE: ALE) has been downgraded from Neutral to Underperform by B of A Securities, with a reduced price target of $54, down from $63.
The downgrade from Neutral to Underperform and the reduction in price target from $63 to $54 by B of A Securities analyst Julien Dumoulin-Smith indicate a negative outlook for ALLETE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100