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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
Read More on ALL: