Barclays Initiates Coverage On Allstate with Underweight Rating, Announces Price Target of $175
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Alex Scott has initiated coverage on Allstate (NYSE:ALL) with an Underweight rating and set a price target of $175.
September 04, 2024 | 11:22 pm
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Barclays has initiated coverage on Allstate with an Underweight rating and a price target of $175, suggesting potential downside.
The Underweight rating from Barclays suggests that Allstate's stock may underperform relative to the market or its peers. The price target of $175 indicates that the analyst expects the stock to potentially decrease in value, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100