Goldman Sachs Maintains Buy on Allstate, Raises Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has reaffirmed a Buy rating on Allstate (NYSE:ALL) and increased the price target from $141 to $164, indicating a positive outlook on the company's stock.
January 09, 2024 | 12:59 pm
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POSITIVE IMPACT
Goldman Sachs analyst Alex Scott maintains a Buy rating on Allstate and raises the price target to $164, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst from Goldman Sachs is a strong positive signal for investors, likely leading to increased investor confidence and a potential short-term rise in Allstate's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100