TD Cowen raised the firm’s price target on Allstate to $224 from $193 and keeps a Buy rating on the shares. The firm said with significant rate continuing to earn in and a strong profitable policy in force (PIF) growth outlook, ALL is trading at a compelling 2025E P/E of 10.6x. Canaccord noted they have raised its marketing spend, there may be upside to their PIF growth estimates.
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