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Analysts Have Conflicting Sentiments on These Utilities Companies: Allete (ALE), Ameren (AEE) and APA (APA)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Allete (ALEResearch Report), Ameren (AEEResearch Report) and APA (APAResearch Report).

Allete (ALE)

J.P. Morgan analyst Richard Sunderland maintained a Sell rating on Allete today and set a price target of $65.00. The company’s shares closed last Wednesday at $62.87.

According to TipRanks.com, Sunderland is a 1-star analyst with an average return of -1.8% and a 50.0% success rate. Sunderland covers the Utilities sector, focusing on stocks such as South Jersey Industries, New Jersey Resources, and American Water.

Allete has an analyst consensus of Hold, with a price target consensus of $66.00.

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Ameren (AEE)

In a report issued on December 7, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Ameren, with a price target of $96.00. The company’s shares closed last Wednesday at $86.79.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 6.4% and a 55.4% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Phillips 66 Partners.

Ameren has an analyst consensus of Hold, with a price target consensus of $88.00.

APA (APA)

J.P. Morgan analyst Arun Jayaram maintained a Hold rating on APA on December 7 and set a price target of $33.00. The company’s shares closed last Wednesday at $26.63.

According to TipRanks.com, Jayaram is a 3-star analyst with an average return of 6.5% and a 45.6% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Matador Resources.

Currently, the analyst consensus on APA is a Moderate Buy with an average price target of $34.64, a 28.8% upside from current levels. In a report issued on November 30, Mizuho Securities also maintained a Hold rating on the stock with a $33.00 price target.

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