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A statement released earlier today by Williams Capital about Allete (NYSE:ALE) raises the target price to $79.00

In a report issued 10/12/2017 Williams Capital raised the target price of Allete (NYSE:ALE) to $79.00 stating a potential downside of 0.00%.

Having a price of $79.06, Allete (NYSE:ALE) traded 0.29% higher on the day. The last close is up 8.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the date range. Allete has recorded a 50-day average of $77.75 and a 200-day moving average of $73.05. 77,092 shares of Allete exchanged hands, down from an avg. volume of 196,280

Recent Performance Chart

Allete (NYSE:ALE)

Allete has 52 week low of $56.48 and a 52 week high of $79.69 with a P/E ratio of 23.33 and has a market cap of $0.

A total of 6 brokerages have issued a ratings update on the company. 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 brokers rating the stock a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $57.17.

About Allete (NYSE:ALE)

ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The U.S. Water Services provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solution. As of December 31, 2016, its Corporate and Other consisted of BNI Energy, Inc. (BNI Energy), its coal mining operations in North Dakota, ALLETE Properties, LLC (ALLETE Properties), its Florida real estate investment and approximately 5,000 acres of land in Minnesota.

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