Piper Sandler Reiterates Overweight Rating on Allstate (ALL)

Piper Sandler analyst Paul Newsome reiterated an Overweight rating and $188.00 price target on Allstate (NYSE: ALL).

The analyst commented, "We view the sale of its Voluntary Benefits Business as a positive for the stock. The sale further reduced concerns about capital levels at Allstate. The sale should also be viewed positively by investors since P/E multiples applied to life operations are generally smaller than property-casualty insurance operations."

For an analyst ratings summary and ratings history on Allstate click here. For more ratings news on Allstate click here.

Shares of Allstate closed at $171.96 yesterday.

You May Also Be Interested In

• Goldman Sachs Upgrades New Oriental Education (EDU) to Buy
• Bernstein SocGen Group Starts Keurig Dr Pepper (KDP) at Outperform, 'outstanding Functional Beverages portfolio'
• Alibaba (BABA) Bids $1.5 bln For China Grocer In Fight With Meituan - Bloomberg