Keefe Bruyette analyst Meyer Shields lowered the firm’s price target on Allstate (ALL) to $235 from $243 and keeps an Outperform rating on the shares. The firm notes Allstate didn’t disclose December and November catastrophe losses, implying catastrophe losses below its $150M disclosure threshold in each month.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALL:
- TipRanks ‘Perfect 10’ List: These 2 Top-Scoring Stocks Hit All the Right Buttons
- LA fires ‘likely manageable earnings event’ for insurers, says Jefferies
- Texas sues insurer Allstate (NYSE:ALL) Over Alleged Illegal Data Collection
- Allstate price target raised to $187 from $186 at Wells Fargo
- Allstate, Arity sued by Texas AG for ‘unlawfully’ collecting driver data