J.P. Morgan Maintains Overweight on Allstate

J.P. Morgan is out with its report today on Allstate ALL, maintaining Overweight after ALL's investor day. In a note to clients, J.P. Morgan writes, "The investor day and more tangible financial targets signal, in our view, improved management conviction in its ability to deliver improvement. While the stock is still somewhat of a show-me story, we see limited downside with significant upside potential driven by valuation expansion and earnings gains." J.P. Morgan maintains a $40 PT on ALL. Shares of ALL closed Wednesday at $30.44.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsallstateFinancialsJ.P. MorganProperty & Casualty Insurance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!