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Allete stock price forecast the utility sector’s performance
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The utility sector’s performance remains integral to the Allete stock price forecast, as stable infrastructure investment brings valuation support. Hedge funds have been incrementally adding positions since April, aligning with consensus estimates positioning fair value at $59–$ Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Wisconsin Regulators Approve Proposed ALLETE Transaction With Canada Pension Plan Investment Board and Global Infrastructure Partners Short-term momentum indicators suggest Allete’s stock could break above recent consolidation levels if Q3 demand growth aligns with energy sector expectations. Updated price forecasts lean toward $60.80, factoring in moderate economic expansion and grid modernization projects.