10 Companies That Analysts Just Upgraded

3. The Allstate Corporation (NYSE:ALL)

Allstate Corporation is an insurance company that mainly deals with property and casualty insurance. The company received an upgrade from Evercore ISI, getting an Outperform rating. The stock is up 20% in a year but analysts believe there is room for more.

There are a number of factors that will drive this growth. The company’s 2025 EPS estimates have been inching higher in the last year. An EPS revision of nearly 20% from the lowest point in 2024 is still considered a conservative estimate and going by the company’s history, a comfortable beat can’t be ruled out.

In other developments, activist investor Nelson Peltz has sold a vast portion of his stake in the company, so the activist threat is also subsiding. The company’s investment income was also under threat as the Fed started lowering interest rates. However, recent Fed meetings point to a halt in rate cuts, another positive development for the company that should help drive the stock price up in the coming weeks.