Allstate price target cut by Citigroup to $215.00

Citigroup has lowered its price target for Allstate from $240.00 to $215.00, maintaining a ‘sell’ rating on the insurance provider. This adjustment suggests a potential downside of approximately 3.94% from the stock's current price.

Analyst opinions on Allstate remain mixed. While Citigroup holds a sell rating, other institutions have issued varying outlooks: Barclays set a target of $226.00 with an ‘underweight’ rating, Raymond James Financial issued a ‘strong-buy’ with a $315.00 target, and JPMorgan Chase & Co. raised its price objective to $292.00 with an ‘overweight’ rating. The consensus target price for the stock stands at $264.00.