Allstate Downgraded to ‘In Line’ by Evercore ISI Despite Strong Q2 Performance and Customer Growth

The Allstate Corporation (NYSE:ALL) is one of the most undervalued stocks to buy and hold for 5 years. On October 1, Evercore ISI downgraded Allstate to In Line from Outperform with a price target of $233, up from $230. This sentiment came prior to the company’s Q3 2025 earnings report. Earlier for Q2, Allstate reported $16.6 billion in revenue, which marked a 5.8% increase year-over-year. Net income reached $2.1 billion, while adjusted net income was $1.6 billion. Allstate also grew its customer base and ...