Mizuho Maintains Neutral on ALLETE, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has maintained a Neutral rating on ALLETE (NYSE:ALE) and lowered the price target from $64 to $58.
July 21, 2023 | 11:36 am
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NEUTRAL IMPACT
Mizuho has maintained a Neutral rating on ALLETE and lowered the price target from $64 to $58. This could potentially impact the stock's performance.
The lowered price target indicates that the analyst sees less upside potential for the stock, which could influence investor sentiment and potentially lead to a decrease in the stock's price. However, the maintained Neutral rating suggests that the analyst does not see significant downside risk, which could mitigate the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100