Allstate Stock Surges After Wolfe Research's Positive Rating

Allstates stock surged by nearly three percent following Wolfe Researchs Outperform rating, despite a slight reduction in the price target. The broader market rebound, likely due to a Fed interest rate cut, also contributed to the stocks rise. Allstates shares, typically stable, are now up seven point seven percent year-to-date and nearing their fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.