Goldman Sachs raised the firm’s price target on Allstate to $204 from $199 and keeps a Buy rating on the shares. The firm says it continues to recommend Allstate given its view for an “underappreciated profitability inflection” in 2025. The increase in the company’s core underwriting profits will increasingly be priced into the shares, and there is potential for upside surprises on policies in force growth should Allstate be able to generate greater than estimated advertising efficiency, the analyst tells investors in a research note.
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