HSBC Upgrades Allstate to Buy, Announces $190 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Vikram Gandhi upgraded Allstate (NYSE:ALL) from Hold to Buy and set a new price target of $190. This represents a positive outlook on Allstate's future performance.
March 28, 2024 | 8:55 am
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HSBC upgraded Allstate to Buy from Hold and set a price target of $190, indicating a positive future performance.
Upgrades by major financial institutions like HSBC often lead to increased investor confidence and can drive up the stock price in the short term. The setting of a high price target ($190) further emphasizes the bullish outlook on Allstate, suggesting that the stock is currently undervalued and has significant growth potential.
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