KBW Lifts Allstate Price Target to $260, Citing Strong Underlying Metrics and Buybacks
Keefe, Bruyette & Woods raised its price target on Allstate to $260 from $254 and maintained an Outperform rating after the insurer reported fourth-quarter results. The firm cited improving loss and expense metrics, accelerating personal auto policies-in-force growth, and aggressive share repurchases as drivers of earnings and multiple expansion. K…