This morning, Credit Suisse increased its price target on shares of Allstate (NYSE:ALL) to $62 as new initiatives by management are improving returns. In the report, Credit Suisse increased its EPS estimates as well and reiterated its outperform rating. Shares of Allstate were higher by 0.8% today.
FBR Capital upgraded shares of Travelers (NYSE:TRV) from market perform to outperform as the stock has room to grow based on sector expectations. With the upgrade, FBR set a $94 price target. Shares of Travelers were higher by 1.1% so far.
And Stifel Nicolaus upgraded shares of Groupon (NASDAQ:GRPN) from hold to buy as operations in Europe are stabilizing and the local deal market in the US continues to grow. With the upgrade, Stifel set a $16 price target. Shares of Groupon were higher by nearly 6% today.
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