Allstate’s Target, Estimates Boosted at Credit Suisse (ALL)


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Insurance provider The Allstate Corporation ( ALL ) on Monday caught some positive commentary from analysts at Credit Suisse.

The firm maintained its "Outperform" rating on ALL and lifted its price target to $35. That new target suggests a small upside to the stock's Friday closing price of $34.20.

Credit Suisse also raised its earnings estimates for the company through 2013, noting ALL is enjoying solid growth across its business units.

Allstate shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Allstate ( ALL ) have a 2.57% dividend yield, based on Friday's closing stock price of $34.20. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $35 price level.

The Allstate Corporation ( ALL ) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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