Allstate price target lowered to $197 from $200 at Wells Fargo

Wells Fargo lowered the firm’s price target on Allstate (ALL) to $197 from $200 and keeps an Equal Weight rating on the shares. Following Q1 results, the firm’s estimates have gone up for 2025 but down for outer years as it raised the cat load for Q1, the analyst tells investors in a research note. Given tariff uncertainty and lower growth versus peers, the firm said it maintains an Equal Weight view, adding that its sense around the company and tariffs is they are considering whether they will need to take rate to offset the impact of tariffs.