JPMorgan Chase & Co. Raises Allstate Price Target to $292.00

Analysts at JPMorgan Chase & Co. have increased their price target for Allstate (NYSE:ALL) to $292.00, a 10.56% potential upside from its previous close of $264.11.

This new target is higher than the existing $282.00 estimate and reflects the brokerage's 'overweight' rating on Allstate's stock.

Other firms have also revised their estimates for Allstate, with Mizuho raising its price objective from $255.00 to $272.00 and Evercore setting a target of $240.00.

Citigroup has cut Allstate from 'neutral' to 'sell', while Morgan Stanley raised its target from $215.00 to $240.00 but maintained an 'equal weight' rating.