JP Morgan Maintains Overweight on Allstate, Lowers Price Target to $154
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jimmy Bhullar maintains an Overweight rating on Allstate (NYSE:ALL) but has lowered the price target from $162 to $154.
August 04, 2023 | 11:51 am
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JP Morgan has maintained an Overweight rating on Allstate but lowered the price target from $162 to $154.
The news is directly related to Allstate. While the Overweight rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact on the stock price is uncertain as the rating remains positive.
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