Morgan Stanley Maintains Overweight on Allstate, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Phillips maintains an Overweight rating on Allstate (NYSE:ALL) and raises the price target from $187 to $190.

April 15, 2024 | 4:01 pm
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Morgan Stanley maintains an Overweight rating on Allstate and raises the price target from $187 to $190.
The upgrade in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on Allstate's stock, likely due to strong financial health or growth prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100