JP Morgan Downgrades ALLETE To Underweight

JP Morgan downgraded

from Neutral to Underweight. The price target for ALLETE has been lowered from $53.00 to $47.00. ALLETE shares have dropped 4.61 percent over the past 52 weeks, while the S&P 500 index has surged 7.73 percent in the same period. ALLETE shares closed at $47.98 in after-hours trading.