JPMorgan raised the firm’s price target on Allstate (ALL) to $260 from $254 and keeps an Overweight rating on the shares. The company reported “robust” results, with earnings upside and strong margins, the analyst tells investors in a research note. The firm says the company is “firing on all cylinders.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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 $300 from $288 at BofA
- Closing Bell Movers: Qualcomm down 3%, Robinhood slips 2% on earnings
- Allstate’s Strong Financial Performance and Growth Potential: A Buy Recommendation
- Allstate reports Q3 adjusted EPS $11.17, consensus $7.54
- Notable companies reporting after market close
