Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for ALLETE Inc. (NYSE: ALE) weakened in recent days. ALE’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
ALLETE Inc. (NYSE: ALE) stock rose slightly by 0.08% on 2/21/25. The stock closed at $65.51. However, trading volume in this advance was below average at 79% of normal. The stock has performed in line with the market over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
ALLETE has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ALLETE has a neutral Appreciation Score of 57 and a neutral Power Rating of 59, with the High Neutral Value Trend Rating the result.
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