Mizuho Boosts Allstate (ALL) PT to $255 as New Insurance Models Confirm Outperform Rating

Group 1 - The Allstate Corporation is considered one of the best large cap value stocks to buy in 2026, with Mizuho raising its price target to $255 from $254 while maintaining an Outperform rating [1] - Wells Fargo also increased its price target on Allstate to $223 from $216, maintaining an Equal Weight rating, and emphasized the importance of pricing strategies, loss trends, and reserve levels for property & casualty companies [2] - TD Cowen downgraded Allstate to Hold from Buy, raising its price target to $231 from $224, citing intensifying competition for personal auto policies and a declining number of exclusive agents as growth headwinds [3] Group 2 - Allstate provides property and casualty, and other insurance products in the US and Canada, but certain AI stocks are believed to offer greater upside potential with less downside risk [4]