Wells Fargo raised the firm’s price target on Allstate (ALL) to $202 from $197 and keeps an Equal Weight rating on the shares. The firm notes Allstate shares responded better than it would have expected to earnings, as the market liked the strong margins. From here, Wells thinks upside will be driven off of their ability to show better PIF growth, which is still being hampered by declines in NY/NJ.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALL:
- Allstate price target raised to $260 from $250 at Raymond James
- Allstate Corp’s Earnings Call Highlights Strong Growth Amid Challenges
- Allstate Corp Reports Strong Q2 2025 Financial Results
- Allstate price target raised to $198 from $188 at Barclays
- Allstate’s Strong Financial Performance and Growth Potential Justifies Buy Rating