Goldman Sachs lowered the firm’s price target on Allstate (ALL) to $207 from $210 and keeps a Buy rating on the shares. The company’s September pre-tax catastrophe loss of $889M was “considerably higher” than the firm expected and materially higher than the $315M average in 2020-2023 as it included $630M in losses related to Hurricane Helene, the analyst tells investors in a research note.
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