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Allete upped to Buy at BofA, which sees capital spending update lifting shares

Nov. 14, 2022 1:01 PM ETALLETE, Inc. (ALE) StockBy: Carl Surran, SA News Editor

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Allete (NYSE:ALE) +3.3% in Monday's trading after Bank of America upgraded shares to Buy from Neutral with a $66 price target, raised from $53, believing the company offers robust double digit total return potential following its updated capital investment plan.

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