TD Cowen initiated coverage of Allstate with an Outperform rating and $193 price target. The firm believes Allstate will reach profitability starting in Q4, with a combined ratio of under 100%, helped by sizeable rate gains in rate-deficient states.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ALL: