Allstate price target raised to $196 from $188 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Allstate to $196 from $188 and keeps an Overweight rating on the shares. The firm rebuilt its model to better incorporate the individual division results. Piper continues to be bullish on the personal lines market and sees this hard market as potentially the hardest in history.