Guggenheim Maintains Sell on ALLETE, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza has maintained a 'Sell' rating on ALLETE (NYSE:ALE) and lowered the price target from $54 to $49.
July 07, 2023 | 4:27 pm
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Guggenheim has maintained a 'Sell' rating on ALLETE and lowered the price target from $54 to $49, which could negatively impact the stock's price.
The 'Sell' rating maintained by Guggenheim indicates a negative outlook for ALLETE. The lowering of the price target from $54 to $49 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100