Raymond James Maintains Strong Buy on Allstate, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst C. Gregory Peters has reaffirmed a Strong Buy rating on Allstate (NYSE:ALL) and increased the price target from $155 to $180, indicating a positive outlook on the company's stock.
January 22, 2024 | 12:47 pm
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Allstate's stock rating has been maintained as a Strong Buy by Raymond James, with an increased price target from $155 to $180, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst firm like Raymond James typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price. The Strong Buy rating reaffirms the analyst's confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100