Guggenheim Upgrades ALLETE to Neutral, Announces $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza has upgraded ALLETE (NYSE:ALE) from Sell to Neutral and set a price target of $58.

January 22, 2024 | 2:51 pm
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Guggenheim analyst Shahriar Pourreza upgraded ALLETE from Sell to Neutral and set a price target of $58.
The upgrade from Sell to Neutral by a Guggenheim analyst suggests a more favorable outlook for ALLETE, which could lead to increased investor confidence and potentially a rise in the stock price in the short term. The announcement of a $58 price target provides a specific expectation for the stock's future performance, which is likely to influence investor perception and the stock's market price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100