Evercore ISI analyst David Motemaden lowered the firm’s price target on Allstate to $138 from $144 and keeps an In Line rating on the shares after the company reported Q4 details that were "a little softer than preannounced." The firm is lowering its 2023 and 2024 EPS estimates by 6% and 3%, respectively to reflect worse auto underwriting losses, driving its lower price target.
Published first on TheFly
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