Raymond James analyst C. Gregory Peters raised the firm’s price target on Allstate (ALL) to $250 from $240 and keeps a Strong Buy rating on the shares. The firm cites Allstate’s improving policies in force count growth, annual outlook for top line growth, and resumption of more aggressive capital management activities for the price target increase, the analyst tells investors in a research note. The firm maintains the outlook for Allstate to generate more than 20% return on equity results through 2027.
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