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Analysts Offer Insights on Financial Companies: Allstate (ALL) and Portman Ridge Finance (PTMN)

Analysts have been eager to weigh in on the Financial sector with new ratings on Allstate (ALLResearch Report) and Portman Ridge Finance (PTMNResearch Report).

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Allstate (ALL)

KBW analyst Meyer Shields maintained a Buy rating on Allstate on June 18 and set a price target of $235.00. The company’s shares closed last Wednesday at $195.67.

According to TipRanks.com, Shields is a top 100 analyst with an average return of 13.8% and a 70.6% success rate. Shields covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Fidelis Insurance Holdings Ltd., and American International Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allstate with a $232.23 average price target, representing a 18.8% upside. In a report issued on June 5, William Blair also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

Portman Ridge Finance (PTMN)

In a report released today, Paul Johnson from KBW maintained a Hold rating on Portman Ridge Finance, with a price target of $14.00. The company’s shares closed last Wednesday at $12.43.

According to TipRanks.com, Johnson is a 3-star analyst with an average return of 5.3% and a 67.3% success rate. Johnson covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, Blackstone Secured Lending Fund, and Bain Capital Specialty Finance.

Portman Ridge Finance has an analyst consensus of Hold, with a price target consensus of $14.00.

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