Jefferies Upgrades Allstate to Buy, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Yaron Kinar has upgraded Allstate (NYSE:ALL) from Hold to Buy and increased the price target from $130 to $180, indicating a positive outlook for the company's stock.
January 09, 2024 | 11:51 am
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Allstate has been upgraded by Jefferies from Hold to Buy with a significant increase in price target from $130 to $180, suggesting a bullish stance on the stock.
The upgrade from Hold to Buy by a reputable analyst at Jefferies, along with a substantial increase in the price target, is a strong positive signal to the market. This could lead to increased investor confidence and a potential rise in Allstate's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100