Keefe Bruyette analyst Meyer Shields raised the firm’s price target on Allstate (ALL) to $240 from $235 and keeps an Outperform rating on the shares. The firm expects substantial core loss ratio improvement to help bolster confidence in Allstate’s normalized earnings growth outlook, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALL:
- Allstate Corp Reports Strong 2024 Financial Results
- Allstate Corp Earnings Call Highlights Robust Growth Amid Challenges
- Allstate’s Strong Q4 Performance and Positive Long-Term Outlook Drive Buy Rating
- Closing Bell Movers: Semis down sharply after results
- Allstate reports Q4 adjusted EPS $7.67, consensus $6.28
Questions or Comments about the article? Write to editor@tipranks.com