ALLETE INC (ALE) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of ALLETE INC (ALE) from NEUTRAL to OUTPERFORM on July 04, 2013, with a target price of $53.00.

ALLETE is a multi-services company. ALLETE's holdings include the one of the largest wholesale automobile auction networks in North America a provider of independent auto dealer inventory financing one of the largest investor-owned water utilities in Florida and North Carolina significant real estate holdings in Florida and a low-cost electric utility that serves some of the largest industrial customers in the United States. (Company Press Release)

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