BMO Capital Maintains Market Perform on Allstate, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Michael Zaremski has maintained a 'Market Perform' rating on Allstate (NYSE:ALL) and increased the price target from $125 to $140. This adjustment reflects a positive outlook on the company's future performance.

December 15, 2023 | 6:08 pm
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BMO Capital analyst Michael Zaremski reaffirmed a 'Market Perform' rating on Allstate and raised the price target to $140, indicating a positive sentiment on the stock's value.
The increase in price target by BMO Capital suggests that the analyst sees potential for Allstate's stock price to rise, which could positively influence investor sentiment and the stock's short-term performance. The 'Market Perform' rating indicates that the stock is expected to perform in line with the market, but the raised target price implies a specific positive outlook on Allstate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100