Allstate Corp., US0200021014

Morgan Stanley cuts target to USD 240 for Allstate stock

Published on 10/12/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The note moved the target from USD 265.00 to USD 240.00 on October 6, 2026. Allstate stock was at EUR 206.80 on October 12, 2026.

Key points in brief

Morgan Stanley cut its Allstate price target from USD 265.00 to USD 240.00 on October 6, 2026.
Allstate reported USD 18.60 billion in second-quarter revenue and USD 3.27 billion in net income.
The stock was trading at EUR 206.80 at Lang & Schwarz on October 12, 2026 at 11:59 a.m. CEST.
Allstate's primary listing is on the NYSE under ticker ALL.

Aquarell-Gemälde Chicago Skyline mit Willis Tower und Spiegelung im Michigansee — Allstate Corp. US0200021014 Aquarell-Illustration der Chicagoer Skyline mit dem markanten Willis Tower am Michigansee, Illustration mit AI erstellt.

Allstate Corp. (ISIN US0200021014) was trading at EUR 206.80 at Lang & Schwarz on October 12, 2026 at 11:59 a.m. CEST. Morgan Stanley cut its price target from USD 265.00 to USD 240.00 in a research note dated October 6, 2026, while maintaining an equal weight rating, according to MarketBeat.

Target cut follows strong results

The target reduction contrasts with Allstate's second-quarter operating performance. According to Benzinga on October 9, 2026, total revenue rose 11.80 percent year over year to USD 18.60 billion in the second quarter of 2026. Net income reached USD 3.27 billion, while adjusted net income was USD 2.30 billion, or USD 8.99 per share.

The same call showed a 4.50-point improvement in Allstate's Property-Liability combined ratio to 86.60 in the second quarter of 2026. That comparison gives the Morgan Stanley target cut a clear counterweight: underwriting performance improved even as the analyst stance stayed cautious.

Three dated signals for Allstate

On August 5, 2026, Allstate reported USD 18.60 billion in second-quarter revenue, according to Benzinga. On September 17, 2026, the company estimated USD 748.00 million in August catastrophe losses, as reported by Marketscreener. Morgan Stanley's USD 240.00 target on October 6, 2026 is the latest of the three signals.

What dates come next?

Allstate's preferred dividends were scheduled for payment on October 15, 2026, according to Marketscreener. A third-quarter earnings call was listed for November 5, 2026 by Yahoo Finance.

Stock valuation remains wide-ranging

Allstate's market capitalization was USD 59.1 billion on October 9, 2026, with a 52-week range of USD 188.08 to USD 277.22. On the NYSE, the stock last stood at USD 229.43 on October 9, 2026. The current euro quotation therefore gives German investors a separate market reference from the company's US listing.

The further course of trading is shown by the continuously updated real-time quote of Allstate stock.