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Fly News Breaks for June 25, 2015
ALE
Jun 25, 2015 | 06:31 EDT
JPMorgan downgraded Allete to Underweight saying idlings of US Steel and potentially other mines will likely weigh on near-term earnings. The firm believes the mining risk is significant and not priced into consensus estimates. It cut its price target for shares to $47 from $53.
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