Wells Fargo Raises Allstate Rating to Equal-Weight
Wells Fargo moved Allstate’s rating from Underweight to Equal-Weight and cut its price target to $236 from $250 per share.
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what happened
Dow Jones Newswires reported that Wells Fargo changed its rating on Allstate from Underweight to Equal-Weight.
Wells Fargo also reduced the insurer’s price target to $236.00 per share from $250.00. Benzinga published the ratings actions on its analyst-ratings page.
why it matters
The rating change and lower target reflect a revision to Wells Fargo’s assessment of Allstate shares and may matter to market participants tracking analyst views on the company.
instruments
sources
- Allstate Raised to Equal-Weight From Underweight by Wells Fargo — Dow Jones Newswires, 12 October 2026 at 14:03 UTC
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