Citigroup Maintains Buy Rating for Allstate: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Allstate (NYSE:ALL) but lowered its price target from $138.00 to $135.00. Allstate's shares are currently trading at $109.16, up 0.18% over the last 24 hours. A move to $135.00 would represent a 23.67% increase from the current share price.
June 27, 2023 | 5:02 pm
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Citigroup has maintained its Buy rating for Allstate but lowered its price target. This could potentially lead to a 23.67% increase in Allstate's share price.
Citigroup's maintained Buy rating indicates a positive outlook for Allstate. However, the lowered price target suggests a slightly less optimistic view than before. This could still lead to a significant increase in Allstate's share price, hence the positive score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100