Wells Fargo Maintains Underweight on Allstate, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Underweight rating on Allstate (NYSE:ALL) and raises the price target from $112 to $145.
February 09, 2024 | 2:15 pm
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Wells Fargo maintains an Underweight rating on Allstate but raises the price target from $112 to $145.
The increase in price target from $112 to $145 by Wells Fargo suggests a positive outlook on Allstate's valuation, despite maintaining an Underweight rating. This mixed signal could lead to short-term uncertainty among investors, as the raised target implies potential upside, while the Underweight rating suggests caution.
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