Allstate weakness creates buying opportunity, says Argus Argus believes that Allstate's results are becoming more consistent, although 2014 estimates for the company are weakening due to the winter storms. But the firm thinks the weakness creates a buying opportunity, and it keeps a $60 price target and Buy rating on the stock.
Allstate weakness creates compelling opportunity, says Bernstein Bernstein says that Allstate's stock has dropped due to the rising frequency of auto accidents this year. However, the firm says that the selloff has given investors the opportunity to buy "a high-quality, defensive franchise at a bargain price." Bernstein recommends aggressively buying the shares on weakness.