J.P. Morgan Comments on Allstate

J.P. Morgan provided color on Allstate ALL in a research report published today. J.P. Morgan has previously given Allstate an Overweight rating and $40 price target. In the report, J.P. Morgan states, "In our view, ALL shares reflect fears of what could go wrong rather than what could go right. Our Overweight rating is based on our belief that ALL has four opportunities to improve bottom-line result." Shares of Allstate were trading at $30.20 at the time of posting, up 0.77% from Tuesday's market close.