Analysts fell to the sidelines weighing in on Allstate (ALL) and Ares Management (ARES) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Allstate (ALL)
Morgan Stanley analyst Kai Pan maintained a Hold rating on Allstate today and set a price target of $102. The company’s shares closed yesterday at $91.38.
According to TipRanks.com, Pan is a 3-star analyst with an average return of 2.9% and a 56.3% success rate. Pan covers the Financial sector, focusing on stocks such as American International Group, Arthur J Gallagher & Co, and Progressive.
Currently, the analyst consensus on Allstate is a Moderate Buy with an average price target of $107, a 17.1% upside from current levels. In a report issued on November 1, Wells Fargo also assigned a Hold rating to the stock with a $100 price target.
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Ares Management (ARES)
In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on Ares Management, with a price target of $22. The company’s shares closed yesterday at $22.27.
According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 2.2% and a 49.1% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Victory Capital Holdings Inc, and Virtus Investment Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ares Management with a $25 average price target.
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