RESEARCH ALERT-Citigroup cuts Allegheny Energy to hold

 (Changes source, adds detail)

                    Current             Prior
 Rating                Hold                Buy
 Price target          $53                 $48

 --Citigroup said the utility company's annual total return
prospects are less than 10 percent.

 --Year-to-date, the stock has lagged somewhat behind its
east coast based integrated utility peers, which have been the
group's best performers, the brokerage added.
 (Reporting by Aditi Samajpati in Bangalore)