BMO Capital Maintains Market Perform on Allstate, Raises Price Target to $158
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 $140 to $158. This adjustment reflects a positive outlook on the company's future performance.
January 19, 2024 | 1:09 pm
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POSITIVE IMPACT
Allstate's stock may see a positive short-term impact due to BMO Capital's raised price target from $140 to $158, while maintaining a 'Market Perform' rating.
The increase in price target by a reputable analyst like Michael Zaremski suggests a bullish outlook on Allstate's stock, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100