UBS Maintains Buy on Allstate, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brian Meredith has maintained a Buy rating on Allstate (NYSE:ALL) and increased the price target from $152 to $160.
December 07, 2023 | 4:15 pm
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UBS analyst Brian Meredith reaffirmed a Buy rating on Allstate and raised the price target to $160, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects Allstate's stock price to rise and potentially reach the new target of $160. This can positively influence investor sentiment and lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100