Raymond James Maintains Strong Buy on Allstate, Lowers Price Target to $145
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst C. Gregory Peters has maintained a 'Strong Buy' rating on Allstate (NYSE:ALL), but lowered the price target from $155 to $145.

August 04, 2023 | 1:59 pm
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Allstate's price target has been lowered from $155 to $145 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target might create a short-term negative sentiment among investors. However, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees strong potential in the company, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100