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Allstate price target raised to $267 from $231 at Jefferies
The Fly

Allstate price target raised to $267 from $231 at Jefferies

Jefferies raised the firm’s price target on Allstate (ALL) to $267 from $231 and keeps a Buy rating on the shares. The firm views the policy-in-force miss in Auto as timing driven, reflecting renewal pressure from rate, which should wane. The firm expects strong new business, leading to market share gains in Auto and Home, the analyst tells investors.

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