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Bank of America Securities Keeps Their Buy Rating on Allstate (ALL)
Bank of America Securities analyst Joshua Shanker maintained a Buy rating on Allstate today and set a price target of $297.00.
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According to TipRanks, Shanker is a 4-star analyst with an average return of 6.6% and a 57.61% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Chubb.
Currently, the analyst consensus on Allstate is a Moderate Buy with an average price target of $243.14.
Based on Allstate’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.59 billion and a net profit of $3.83 billion. In comparison, last year the company earned a revenue of $16.34 billion and had a net profit of $1.93 billion
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