Wells Fargo Keeps Their Hold Rating on Allete (ALE)
Wells Fargo analyst Neil Kalton maintained a Hold rating on Allete (ALE – Research Report) yesterday and set a price target of $67.00. The company’s shares closed yesterday at $65.45.
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Kalton covers the Utilities sector, focusing on stocks such as Xcel Energy, Constellation Energy Corporation, and NextEra Energy. According to TipRanks, Kalton has an average return of 9.0% and a 64.54% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Allete.
ALE market cap is currently $3.79B and has a P/E ratio of 21.19.
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