Sidoti & Co. Downgrades ALLETE to Neutral, Announces $64 Price Target
Portfolio Pulse from Benzinga Newsdesk
Sidoti & Co. analyst Brian Russo has downgraded ALLETE (NYSE:ALE) from Buy to Neutral and set a price target of $64.
January 10, 2024 | 3:10 pm
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NEGATIVE IMPACT
ALLETE was downgraded by Sidoti & Co. from Buy to Neutral with a price target of $64.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $64 may also influence market expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100