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UPDATE: Keefe, Bruyette & Woods Downgrades Allstate Corp On Valuation

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In a report published Monday, Keefe, Bruyette & Woods analyst Meyer Shields downgraded the rating on Allstate Corp (NYSE: ALL) from Outperform to Market Perform, but reiterated the $70.00 price target.

In the report, Keefe, Bruyette & Woods noted, “We're downgrading the shares of Allstate to Market Perform from Outperform. At Friday's close, the shares are within 5% of our target price. Our outlook is unchanged, and all else equal, we would revisit our rating on a significant pullback in the share price.”

Allstate Corp closed on Friday at $66.58.

Latest Ratings for ALL

DateFirmActionFromTo
Oct 2019MaintainsNeutral
Sep 2019MaintainsNeutral
Aug 2019MaintainsEqual-Weight

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Posted-In: Bruyette & Woods Keefe Meyer ShieldsAnalyst Color Downgrades Analyst Ratings

 

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