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Stock impact report

Bank of America, Barclays Raise Allstate (ALL) Targets While Diverging on Outlook [Yahoo! Finance]

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: Yahoo! Finance
Bank of America, Barclays Raise Allstate (ALL) Targets While Diverging on Outlook On April 14, Joshua Shanker of Bank of America raised the firm's price recommendation on The Allstate Corporation (NYSE:ALL) to $297 from $279. It reiterated a Buy rating on the shares. The firm said it adjusted targets across its U.S. insurance coverage to reflect Q4 events and changes in peer multiples. On April 8, Alex Scott of Barclays raised the firm's price objective on Allstate to $208 from $207. The firm maintained an Underweight rating. The changes came as part of a Q1 preview for the insurance group. The analyst told investors that premium growth and broker organic growth “are likely to remain sluggish.” At the same time, the firm expects solid margins and strong capital deployment to support reported book value growth in Q1. Earlier in March, the company announced estimated catastrophe losses for February of $140 million, or $111 million after tax. Total catastrophe losses for January a Show less Read more
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