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Analysts Offer Insights on Financial Companies: Allstate (ALL), Bank of America (BAC) and Moelis (MC)

Analysts fell to the sidelines weighing in on Allstate (ALLResearch Report), Bank of America (BACResearch Report) and Moelis (MCResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Allstate (ALL)

Barclays analyst Tracy Benguigui maintained a Hold rating on Allstate today and set a price target of $141.00. The company’s shares closed last Monday at $142.90, close to its 52-week high of $144.41.

According to TipRanks.com, Benguigui is a 3-star analyst with an average return of 3.2% and a 57.5% success rate. Benguigui covers the Financial sector, focusing on stocks such as American International Group, Brighthouse Financial, and Prudential Financial.

Currently, the analyst consensus on Allstate is a Moderate Buy with an average price target of $143.36, implying a 0.3% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $133.00 price target.

See the top stocks recommended by analysts >>

Bank of America (BAC)

In a report issued on April 7, David George from Robert W. Baird maintained a Hold rating on Bank of America, with a price target of $42.00. The company’s shares closed last Monday at $39.59.

According to TipRanks.com, George is a 5-star analyst with an average return of 11.2% and a 64.0% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.

Bank of America has an analyst consensus of Moderate Buy, with a price target consensus of $49.96, implying a 26.2% upside from current levels. In a report issued on March 28, Morgan Stanley also upgraded the stock to Hold with a $49.00 price target.

Moelis (MC)

Goldman Sachs analyst Richard Ramsden maintained a Hold rating on Moelis today and set a price target of $45.00. The company’s shares closed last Monday at $44.51, close to its 52-week low of $43.72.

According to TipRanks.com, Ramsden is a 3-star analyst with an average return of 4.8% and a 54.8% success rate. Ramsden covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Bank of America, and Morgan Stanley.

The word on The Street in general, suggests a Hold analyst consensus rating for Moelis with a $57.86 average price target, a 30.0% upside from current levels. In a report issued on April 6, KBW also downgraded the stock to Hold with a $57.00 price target.

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