Goldman Sachs raised the firm’s price target on Allstate to $199 from $197 and keeps a Buy rating on the shares. The firm is updating its model to reflect the company’s announced June catastrophe loss estimate of $230M, which is less than half than the firm’s expected $500M, the analyst tells investors in a research note. Goldman Sachs is also raising its FY24 EPS view on the name to $13.24 from $12.40.
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