Morgan Stanley Reiterates Equal-Weight on Allstate, Maintains $117 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips has reiterated an Equal-Weight rating on Allstate (NYSE: ALL) and maintained a price target of $117.

August 04, 2023 | 9:13 am
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Morgan Stanley has reiterated an Equal-Weight rating on Allstate and maintained a price target of $117.
The news is directly about Allstate and its rating by Morgan Stanley. The Equal-Weight rating suggests that the analyst believes the stock is fairly valued at its current price, which could mean that the stock price may not see significant movement in the short term. The maintained price target also indicates that the analyst's view on the company's valuation has not changed.
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IMPORTANCE 70
RELEVANCE 100