Citi analyst Matthew Heimermann maintained a Hold rating on Allstate yesterday and set a price target of $211.00.
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Matthew Heimermann has given his Hold rating due to a combination of factors including adjustments to the EPS estimates which reflect minor changes in corporate and non-underwriting related items. These adjustments result in slight fluctuations in future periods, but are not significant enough to alter the overall valuation or investment outlook for Allstate.
Additionally, the expected share price return of 3.6% suggests a stable but not overly attractive growth potential, reinforcing the decision to maintain a Hold rating. The adjustments also include updates to historical data to correct previous errors, ensuring accuracy in the analysis. Overall, the Hold rating reflects a balanced view of Allstate’s current financial position and future prospects.
In another report released on August 22, Wells Fargo also maintained a Hold rating on the stock with a $202.00 price target.
ALL’s price has also changed slightly for the past six months – from $199.150 to $203.760, which is a 2.31% increase.