Allstate price target raised to $228 from $223 at Wells Fargo

Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Allstate (ALL) to $228 from $223 and keeps an Equal Weight rating on the shares. The firm says it was surprised Allstate moved as much as it did post EPS, but Wells attributes it to positioning plus P&C stocks outperforming of late.