Piper Sandler Reiterates Overweight Rating on Allstate (ALL)

Piper Sandler analyst Paul Newsome reiterated an Overweight rating and $188.00 price target on Allstate (NYSE: ALL).

The analyst commented, "We view the sale of its Voluntary Benefits Business as a positive for the stock. The sale further reduced concerns about capital levels at Allstate. The sale should also be viewed positively by investors since P/E multiples applied to life operations are generally smaller than property-casualty insurance operations."

For an analyst ratings summary and ratings history on Allstate click here. For more ratings news on Allstate click here.

Shares of Allstate closed at $171.96 yesterday.

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